Looking Into Coca-Cola Consolidated's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Coca-Cola Consolidated (NYSE:COKE) has seen a 28.44% increase in short interest, now at 2.71% of its float. This is lower than its peer group average of 6.52%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
June 03, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Coca-Cola Consolidated has experienced a 28.44% increase in short interest, now at 2.71% of its float. This is lower than the peer group average of 6.52%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
The significant increase in short interest suggests that more investors are betting against the stock, which could indicate bearish sentiment. However, the short interest is still lower than the peer group average, which might mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100