How Is The Market Feeling About Wingstop?
Portfolio Pulse from Benzinga Insights
Wingstop's (NYSE:WING) short percent of float has increased by 7.99%, now standing at 5.81% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, Wingstop's short interest is still lower than its peer group average of 10.68%.
June 24, 2024 | 6:15 pm
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NEGATIVE IMPACT
Wingstop's short interest has increased to 5.81%, indicating a rise in bearish sentiment. However, it remains below the peer group average of 10.68%. This could lead to increased volatility in the short term.
The increase in short interest suggests that more investors are betting against Wingstop, which could lead to downward pressure on the stock price. However, since the short interest is still below the peer group average, the impact may be moderated.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100