Looking Into Krispy Kreme's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Krispy Kreme (NYSE:DNUT) has seen a 3.41% increase in its short percent of float, now at 16.69% of all regular shares available for trading. This is higher than its peer group average of 9.91%. It would take traders 5.17 days to cover their short positions based on current trading volume.
June 04, 2024 | 4:15 pm
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Krispy Kreme's short interest has increased by 3.41%, now at 16.69% of float, indicating bearish sentiment. It would take 5.17 days to cover short positions.
The increase in short interest suggests that more investors are betting against Krispy Kreme, which could indicate bearish sentiment. This may put downward pressure on the stock price in the short term.
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