Peering Into Conagra Brands's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Conagra Brands (NYSE:CAG) has seen a 7.21% increase in its short percent of float, now at 3.57%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 4.48%. It would take traders 3.78 days to cover their short positions.
July 05, 2024 | 3:45 pm
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Conagra Brands has experienced a 7.21% increase in short interest, now at 3.57% of its float. This rise in short interest suggests growing bearish sentiment among investors, although it remains below the peer group average of 4.48%.
The increase in short interest indicates that more investors are betting against Conagra Brands, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100