Peering Into Celsius Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Celsius Holdings (NYSE:CELH) has seen a 3.28% increase in short interest since its last report, with 38.20 million shares sold short, representing 40.02% of its float. The short interest ratio is 8.57 days to cover. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Celsius Holdings has a higher short interest compared to its peer group average of 3.49%.
January 25, 2024 | 8:00 pm
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NEUTRAL IMPACT
Celsius Holdings's short interest has increased, which may indicate bearish market sentiment but also presents a potential for a short squeeze if the stock price were to rise unexpectedly.
The increase in short interest suggests that investors are bearish on CELH. However, high short interest can also lead to a short squeeze if positive news or unexpected events cause the stock price to increase, forcing short sellers to cover their positions. The impact is neutral in the short term as the article does not predict immediate price movement but indicates increased investor interest in shorting the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100