Peering Into Toast's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Toast, Inc. (NYSE:TOST) has seen a 14.51% increase in its short percent of float since the last report, with 33.82 million shares sold short, representing 8.13% of its available trading shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. Toast's short interest is higher than its peer group average of 5.15%, suggesting more bearish sentiment compared to its peers.
February 05, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Toast, Inc. has experienced a significant increase in short interest, indicating a bearish sentiment among investors. This could lead to increased volatility in the short term.
The increase in short interest for Toast, Inc. suggests that more investors are betting on the stock's decline, which can lead to increased selling pressure and potentially lower stock prices in the short term. However, high short interest can also lead to short squeezes if the stock moves positively, causing rapid price increases.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100