(TOST) - Analyzing Toast's Short Interest
Portfolio Pulse from Benzinga Insights
Toast (NYSE:TOST) has seen a 16.18% increase in its short percent of float, now at 7.18%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 5.40%. It would take traders 4.14 days to cover their short positions.
July 17, 2024 | 6:00 pm
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Toast's short interest has increased by 16.18%, now at 7.18% of float, indicating a bearish sentiment among investors. This is higher than the peer group average of 5.40%.
The significant increase in short interest suggests that investors are bearish on Toast's stock. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100