How Is The Market Feeling About Monster Beverage?
Portfolio Pulse from Benzinga Insights
Monster Beverage (NYSE:MNST) has seen a 9.5% decrease in short interest since its last report, with 11.83 million shares sold short, representing 1.81% of available shares. The average time to cover these short positions is 3.0 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, Monster Beverage has a lower short interest as a percentage of float, with the peer group average at 7.36%.
January 24, 2024 | 5:00 pm
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Monster Beverage's short interest has decreased, which may suggest a more bullish sentiment among investors. The company's short interest is below the peer group average, potentially indicating a positive outlook for the stock.
The decrease in short interest for Monster Beverage suggests that bearish sentiment is waning, which could lead to a short-term increase in stock price as investors may interpret this as a positive sign. However, the article also cautions that this does not guarantee a price rise. The comparison with peers showing lower short interest for MNST could further bolster investor confidence.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100