Looking Into Mondelez International's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mondelez International (NYSE:MDLZ) has seen a decrease in short interest, with the short percent of float dropping 6.96% since the last report. The company has 14.50 million shares sold short, representing 1.07% of available shares, with a cover time of 2.58 days. This decline in short interest may indicate a more bullish sentiment among investors, although it doesn't necessarily predict a near-term rise in stock price. Mondelez has a lower short interest compared to its peer group average of 4.93%.
December 21, 2023 | 6:15 pm
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Mondelez International's short interest has decreased, which could be a sign of increasing bullish sentiment among investors. The company's short interest is below the peer group average.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a short-term increase in its price. However, the impact may be moderate as the article suggests that this does not necessarily predict a near-term rise in stock price.
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