Peering Into Dutch Bros's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dutch Bros (NYSE:BROS) has seen a 12.05% increase in its short percent of float, now at 9.86% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 10.11%.
May 15, 2024 | 5:15 pm
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Dutch Bros has experienced a 12.05% increase in short interest, now at 9.86% of its float. This suggests a rise in bearish sentiment, although its short interest remains below the peer average of 10.11%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100