(CAG) - Analyzing Conagra Brands's Short Interest
Portfolio Pulse from Benzinga Insights
Conagra Brands (NYSE:CAG) has seen a 7.37% increase in its short percent of float, now at 4.37% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Conagra's short interest is slightly below the average of 4.43%.
August 05, 2024 | 2:45 pm
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Conagra Brands has experienced a 7.37% increase in short interest, now at 4.37% of its float. This rise in short interest suggests growing bearish sentiment among investors. However, its short interest remains slightly below the peer group average of 4.43%.
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.
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