Peering Into Cava Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cava Group (NYSE:CAVA) has seen a 5.67% increase in its short percent of float, now at 13.79% of all regular shares available for trading. This is higher than the peer group average of 9.83%. It would take traders 3.72 days to cover their short positions on average.
July 17, 2024 | 2:00 pm
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Cava Group's short interest has increased by 5.67%, now at 13.79% of float, indicating bearish sentiment. This is higher than the peer group average of 9.83%.
The increase in short interest suggests that investors are becoming more bearish on Cava Group. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100