Looking Into Hershey's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hershey's (NYSE:HSY) short interest has risen by 21.07%, with 4.71 million shares sold short, representing 3.62% of its float. This increase in short interest could indicate bearish sentiment, although Hershey's short interest is still below the peer group average of 4.46%.
August 06, 2024 | 6:15 pm
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Hershey's short interest has increased by 21.07%, now at 3.62% of its float. This could indicate bearish sentiment, but it's still below the peer average of 4.46%.
The increase in short interest suggests that more investors are betting against Hershey's stock, 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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