How Is The Market Feeling About Starbucks?
Portfolio Pulse from Benzinga Insights
Starbucks (NYSE:SBUX) has seen a 21.29% decrease in short interest, now at 13.75 million shares or 1.22% of float, indicating a bullish market sentiment. Compared to its peers' average short interest of 9.86%, Starbucks has significantly less, suggesting a stronger position within its industry.
March 13, 2024 | 7:00 pm
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Starbucks's decrease in short interest suggests a bullish market sentiment, potentially leading to a positive short-term impact on its stock price.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock, expecting its price to rise. Given Starbucks's significant drop in short interest compared to its last report and its lower short interest relative to peers, this suggests a stronger bullish sentiment towards SBUX, potentially leading to a positive impact on its stock price in the short term.
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IMPORTANCE 75
RELEVANCE 90