Looking Into Keurig Dr Pepper's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Keurig Dr Pepper (NYSE:KDP) has seen a decrease in short interest, with the current short percent of float at 1.21%, down 3.2% from the last report. The company has 11.45 million shares sold short, requiring 1.34 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards KDP compared to its peers, where the average short interest as a percentage of float is 7.84%.
February 07, 2024 | 5:45 pm
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POSITIVE IMPACT
The decrease in short interest for Keurig Dr Pepper suggests a potential increase in bullish sentiment among investors, possibly leading to a positive short-term impact on its stock price.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. For KDP, this reduction suggests that the market sentiment is improving, which could lead to an increase in stock price in the short term. Additionally, KDP's short interest is significantly lower than its peer group average, further highlighting the positive sentiment.
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