Peering Into Cracker Barrel Old's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cracker Barrel Old's (NYSE:CBRL) short interest has risen by 14.21%, with 22.02% of its float sold short. This is significantly higher than its peers' average of 11.17%. It would take traders 5.12 days to cover their short positions.
May 29, 2024 | 8:15 pm
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Cracker Barrel Old's short interest has increased by 14.21%, now at 22.02% of its float. This high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.
The significant increase in short interest suggests that many investors are betting against the stock, which could lead to downward pressure on the stock price. However, high short interest also opens up the possibility of a short squeeze if the stock price rises, forcing short sellers to cover their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100