How Is The Market Feeling About Hershey?
Portfolio Pulse from Benzinga Insights
Hershey's (NYSE:HSY) short interest has decreased by 7.21% since the last report, with 2.58 million shares sold short, representing 1.93% of its float. This decrease in short interest could indicate a more bullish sentiment towards HSY among traders. Hershey's short interest is below its peer group average of 5.11%, suggesting it is performing well compared to its peers.
March 01, 2024 | 8:00 pm
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Hershey's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. Its short interest is also lower than its peer group average.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. Given that Hershey's short interest is not only decreasing but also lower than its peer group average, it suggests a positive outlook for HSY in the short term. This could lead to an increase in stock price as market sentiment improves.
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