Looking Into McDonald's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) has seen a decrease in short interest, with the current short percent of float at 1.12%, down 7.44% from the last report. The company has 8.08 million shares sold short, requiring 2.59 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards MCD compared to its peers, where the average short interest as a percentage of float is 9.55%.
May 03, 2024 | 3:15 pm
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McDonald's has experienced a significant decrease in short interest, suggesting a potential increase in bullish sentiment among investors.
A decrease in short interest typically indicates that investors are less bearish on a stock, potentially leading to an increase in its price in the short term. Given that McDonald's short interest is significantly lower than its peer average, this could reflect stronger confidence in the company's performance relative to its competitors.
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