Looking Into Chipotle Mexican Grill's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chipotle Mexican Grill's (NYSE:CMG) short interest has decreased by 17.51% since the last report, with 669 thousand shares sold short, representing 2.45% of its float. This decrease in short interest could indicate a more bullish sentiment towards CMG among traders. Compared to its peers, CMG has a lower short interest percentage of float, with an average of 8.99% among its peers.
March 04, 2024 | 3:30 pm
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Chipotle Mexican Grill's short interest has decreased significantly, indicating a potential bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. Given that CMG's short interest has decreased more than the peer average, this could suggest a stronger bullish sentiment specifically towards Chipotle Mexican Grill. This sentiment, if shared by the broader market, could lead to a short-term increase in CMG's stock price.
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IMPORTANCE 75
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