Peering Into Sweetgreen's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sweetgreen's (NYSE:SG) short interest has risen by 22.72%, with 15.5% of its float sold short. This is higher than its peers' average of 9.88%. It would take traders 5.94 days to cover their short positions.
May 15, 2024 | 4:30 pm
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NEGATIVE IMPACT
Sweetgreen's short interest has increased by 22.72%, now at 15.5% of its float, which is higher than its peers' average of 9.88%. This indicates a bearish sentiment among investors.
The significant increase in short interest suggests that investors are bearish on Sweetgreen's stock. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100