How Is The Market Feeling About Monster Beverage?
Portfolio Pulse from Benzinga Insights
Monster Beverage (NYSE:MNST) has seen a 4.17% rise in short interest since the last report, with 13.03 million shares sold short, representing 2.0% of available shares. It would take about 2.32 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. Compared to its peers, Monster Beverage has a lower short interest percentage of float (2.0% vs. peer average of 7.70%).
January 04, 2024 | 4:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Monster Beverage's short interest has increased, which may indicate bearish sentiment among investors. However, its short interest is below the peer average, which could be seen as a positive sign.
The rise in short interest suggests that some investors are bearish on Monster Beverage. However, the fact that it's below the peer average and the article suggests that increasing short interest can be bullish means the impact on the stock price is uncertain in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100