(BROS) - Analyzing Dutch Bros's Short Interest
Portfolio Pulse from Benzinga Insights
Dutch Bros (NYSE:BROS) has seen a decrease in short interest, now at 11.56% of its float, down 5.71% from the last report. With 7.62 million shares sold short, it would take about 6.23 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards the stock. Compared to its peers, Dutch Bros has a higher short interest percentage, with the average being 8.62%. This information suggests that while short interest has decreased, the stock still has a relatively high level of bearish sentiment compared to its peers.
March 06, 2024 | 3:00 pm
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Dutch Bros's short interest has decreased, indicating a potential shift in market sentiment towards the stock. The decrease in short interest could lead to less downward pressure on the stock price in the short term.
A decrease in short interest typically indicates that fewer traders are betting on the stock's decline, which can reduce selling pressure and potentially lead to a price increase. Given that Dutch Bros's short interest is still higher than its peers, this suggests a mixed sentiment but with a recent positive shift.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90