Peering Into Starbucks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Starbucks Corporation (NYSE:SBUX) has experienced a 25.74% increase in short interest since its last report, with 14.12 million shares sold short, representing 1.27% of its float. The average time to cover these short positions is 1.95 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Starbucks has a lower short interest compared to its peer group average of 9.24%.
December 28, 2023 | 1:30 pm
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Starbucks's short interest has increased, which may indicate bearish sentiment among investors. However, with short interest below the peer average, the impact may be limited.
While the rise in short interest for Starbucks suggests that some investors are expecting the price to fall, the fact that it is below the peer average and the article does not predict a near-term decline means the impact on the stock price is uncertain. Short interest can sometimes be a contrarian indicator, and the market may have already priced in the current level of short interest.
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