Looking Into Mondelez International's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mondelez International (NYSE:MDLZ) has seen a 53.57% increase in short interest, with 17.31 million shares sold short, representing 1.29% of its float. This is lower than the peer group average of 4.24%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
May 21, 2024 | 8:15 pm
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Mondelez International has experienced a significant increase in short interest, rising by 53.57% to 17.31 million shares, or 1.29% of its float. This is below the peer group average of 4.24%. The increase in short interest could indicate bearish sentiment among investors.
The significant rise in short interest suggests that more investors are betting against the stock, which could indicate bearish sentiment. However, the short interest is still below the peer group average, which might mitigate some of the negative impact.
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