Peering Into Domino's Pizza's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Domino's Pizza (NYSE:DPZ) has seen a 6.24% increase in its short percent of float since the last report, with 1.37 million shares sold short, representing 5.11% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 10.16%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.
March 14, 2024 | 8:45 pm
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Domino's Pizza has experienced a 6.24% increase in short interest, now at 5.11% of its float, indicating a bearish sentiment but still below its peer average.
The increase in short interest for Domino's Pizza suggests that traders are becoming more bearish on the stock. However, since it's below the peer average, it indicates that while bearish sentiment is increasing, it may not be as significant compared to its peers. This could lead to short-term price pressure but doesn't necessarily predict a significant downturn.
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IMPORTANCE 70
RELEVANCE 90