Looking Into Keurig Dr Pepper's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Keurig Dr Pepper's (NYSE:KDP) short interest has risen by 14.61%, with 21.62 million shares sold short, representing 2.04% of its float. This increase in short interest could indicate bearish sentiment, although it is lower than the peer group average of 7.35%.
July 17, 2024 | 3:45 pm
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Keurig Dr Pepper's short interest has increased by 14.61%, now at 2.04% of its float. This rise could indicate bearish sentiment, but the short interest is still below the peer group average of 7.35%.
The increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still lower than the peer group average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100