Looking Into Campbell Soup's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Campbell Soup (NYSE:CPB) has seen a 4.07% increase in its short percent of float, now at 8.96% of all regular shares available for trading. This is higher than the peer group average of 3.97%. It would take traders 8.61 days to cover their short positions on average.
June 06, 2024 | 8:45 pm
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Campbell Soup's short interest has increased by 4.07%, now at 8.96% of float, indicating bearish sentiment. This is higher than the peer group average of 3.97%.
The increase in short interest suggests that investors are becoming more bearish on Campbell Soup. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100