How Is The Market Feeling About B&G Foods?
Portfolio Pulse from Benzinga Insights
B&G Foods (NYSE:BGS) has seen a 20.4% increase in its short percent of float, now at 14.34%. This indicates a bearish sentiment among investors, as it would take 3.47 days to cover these short positions. B&G Foods' short interest is higher than its peers, whose average is 7.52%.
May 28, 2024 | 7:00 pm
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B&G Foods has experienced a significant increase in short interest, rising by 20.4% to 14.34% of its float. This suggests a bearish sentiment among investors, as it would take 3.47 days to cover these short positions. The company's short interest is notably higher than its peers.
The significant increase in short interest indicates that investors are bearish on B&G Foods. This could lead to downward pressure on the stock price in the short term as more investors bet against the company.
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