How Is The Market Feeling About SNDL?
Portfolio Pulse from Benzinga Insights
SNDL Inc. (NYSE:SNDL) has seen a decrease in short interest, with the short percent of float dropping 5.79% since the last report. The company has 11.07 million shares sold short, which is 4.23% of available shares for trading. The current short interest represents a 3.24-day average volume to cover. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average short interest of 10.56%. However, this does not necessarily predict a near-term price rise.
January 30, 2024 | 3:30 pm
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SNDL Inc. has experienced a decrease in short interest, which could suggest a more bullish sentiment from investors and possibly lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a short-term increase in its price as the market sentiment improves. However, the article also cautions that this does not guarantee a price rise, hence the importance is moderate and confidence is not absolute.
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