How Is The Market Feeling About McDonald's?
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) has seen a 15.24% increase in short percent of float since its last report, with 8.71 million shares sold short, representing 1.21% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 9.61% short interest. The rise in short interest doesn't necessarily predict a near-term price fall but suggests increased bearishness among traders.
April 10, 2024 | 1:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
McDonald's has experienced a significant increase in short interest, indicating a bearish sentiment among traders. However, its short interest remains below the peer group average.
The increase in short interest suggests that traders are betting against McDonald's stock, expecting its price to fall. This bearish sentiment, especially when compared to its peers, could lead to short-term price pressure. However, the fact that McDonald's short interest is still below the peer average might mitigate the impact slightly.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100