(MCD) - Analyzing McDonald's's Short Interest
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) has seen a 9.18% increase in short interest since the last report, with 7.74 million shares sold short, representing 1.07% of available shares. It would take 2.62 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. McDonald's has less short interest compared to its peer group average of 9.25%.
December 27, 2023 | 6:45 pm
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McDonald's has experienced an increase in short interest, which could indicate bearish market sentiment but is still below its peer group average.
The increase in short interest for McDonald's suggests that some investors are expecting the stock price to decline. However, since the short interest is below the peer group average, it may not be a strong bearish signal. The impact on the stock price in the short term is uncertain, as short interest is just one of many factors that can affect stock prices.
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