Looking Into Coca-Cola's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Coca-Cola's (NYSE:KO) short interest has decreased by 7.27% since the last report, with 21.89 million shares sold short, representing 0.51% of available shares. The average time to cover these short positions is 1.59 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Coca-Cola has a lower short interest compared to its peer group average of 7.35%.
December 28, 2023 | 1:45 pm
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Coca-Cola's short interest has decreased, which may indicate a bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a decrease in selling pressure and potentially result in a short-term increase in the stock price. However, short interest is just one of many factors that can affect stock prices, so while the decrease is a positive sign, it should be considered within the broader market context.
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