How Is The Market Feeling About SNDL?
Portfolio Pulse from Benzinga Insights
SNDL (NYSE:SNDL) has seen a 4.9% decrease in short interest, with 12.18 million shares sold short, representing 4.66% of available shares. The short interest decline suggests a more bullish sentiment among traders, as it would take 4.27 days to cover short positions based on current volume. SNDL's short interest is below its peer group average of 10.38%, indicating less bearish sentiment compared to its peers.
January 01, 2024 | 7:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
SNDL's decrease in short interest could indicate a more bullish sentiment among traders, potentially leading to a short-term positive impact on the stock price.
A decrease in short interest typically suggests that traders are less bearish on the stock, which could lead to a decrease in selling pressure and a potential increase in the stock price. However, the article also cautions that this does not guarantee a rise in the stock price in the near term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100