Peering Into Ingredion's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ingredion's (NYSE:INGR) short interest has increased by 18.75% since the last report, with 436 thousand shares sold short, representing 0.76% of its float. This increase in short interest, which now requires 1.33 days on average to cover, indicates a more bearish market sentiment towards INGR. However, compared to its peers, Ingredion has a lower short interest percentage of float (2.09%), suggesting a relatively stronger position.
February 02, 2024 | 1:30 pm
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Ingredion's short interest has risen by 18.75%, indicating a bearish market sentiment. Despite this, its short interest as a percentage of float is lower than its peers, suggesting resilience.
The increase in short interest suggests that the market sentiment towards Ingredion has become more bearish, which could lead to downward pressure on the stock price in the short term. However, the fact that Ingredion's short interest is below the peer group average indicates a relative market confidence in the company, potentially mitigating some of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100