(HSY) - Analyzing Hershey's Short Interest
Portfolio Pulse from Benzinga Insights
Hershey's (NYSE:HSY) reported a decrease in short interest, with 2.36 million shares sold short, representing 1.76% of available shares. The short percent of float fell by 4.86% since the last report, and it would take 1.71 days to cover short positions. This decline in short interest may indicate a more bullish sentiment towards HSY compared to its peers, which have an average short interest of 4.90% of float.
December 18, 2023 | 6:00 pm
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Hershey's reported a decrease in short interest, which could indicate a more bullish sentiment towards the stock and potentially less downward pressure from short sellers.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to less selling pressure and potentially a rise in the stock price in the short term. However, short interest is just one of many factors that can affect stock prices.
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