Peering Into Cava Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cava Group (NYSE:CAVA) has seen a 26.01% decrease in short interest since its last report, with 9.59 million shares sold short, representing 8.76% of its float. The average time to cover these short positions is 4.47 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Cava Group's short interest is slightly higher than its peer group average of 8.42%.
January 24, 2024 | 5:15 pm
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Cava Group's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this is not a definitive indicator of a near-term price increase.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price. However, the impact on the stock price is not guaranteed and can be influenced by various other market factors.
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