Peering Into B&G Foods's Recent Short Interest
Portfolio Pulse from Benzinga Insights
B&G Foods (NYSE:BGS) has seen a 22.14% decrease in short interest, now at 6.52 million shares or 11.71% of float, taking traders 6.21 days to cover. This decline in short interest could indicate a more bullish sentiment towards BGS compared to its peers, where the average short interest is 7.60% of float.
February 07, 2024 | 3:45 pm
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B&G Foods has experienced a significant decrease in short interest, which could indicate a more bullish market sentiment towards the stock.
A decrease in short interest typically suggests that investors are less bearish on the stock, potentially leading to an increase in its price in the short term. Given that BGS's short interest is significantly higher than its peers, this reduction is particularly noteworthy and could attract positive attention from investors.
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