(CELH) - Analyzing Celsius Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
Celsius Holdings (NYSE:CELH) has seen a decrease in its short interest, with the short percent of float dropping 4.25% since the last report, now standing at 18.01% of all shares available for trading. The current short interest is 17.39 million shares, requiring approximately 5.79 days for traders to cover their short positions. This change in short interest could indicate a shift in market sentiment towards the stock. Compared to its peers, Celsius Holdings has a significantly higher short interest, with the peer group average at 4.78%.
April 29, 2024 | 8:00 pm
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POSITIVE IMPACT
Celsius Holdings has experienced a notable decrease in short interest, suggesting a potential shift in market sentiment towards a more bullish outlook. The high short interest compared to peers could indicate volatility or a strong market reaction to future news.
The decrease in short interest for Celsius Holdings suggests that fewer traders are betting on the stock's decline, which could be interpreted as a positive sign by the market. However, the significantly higher short interest compared to its peers indicates that the stock might still be seen as overvalued or at risk, leading to potential volatility. The importance is rated at 75 due to the direct impact on investor perception and potential price movement, with a confidence level of 80 reflecting the clear data on short interest changes.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100