Peering Into Monster Beverage's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Monster Beverage (NYSE:MNST) has seen a 9.0% decrease in short interest since its last report, with 12.49 million shares sold short, representing 1.92% of its float. The average time to cover these short positions is 1.95 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, Monster Beverage has a lower short interest as a percentage of float, with the peer group average at 7.21%.
December 19, 2023 | 3:15 pm
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Monster Beverage's short interest has decreased, which may suggest a more bullish market sentiment and could potentially lead to a short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term price increase as market sentiment improves. Additionally, having a lower short interest compared to peers suggests that Monster Beverage may be viewed more favorably by the market, potentially contributing to positive price momentum.
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