Looking Into Cheesecake Factory's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cheesecake Factory's short interest has decreased by 5.87%, with 5.71 million shares sold short, representing 16.51% of its float. This is higher than its peers' average of 9.70%. The decrease in short interest may indicate a more bullish sentiment.
August 23, 2024 | 6:30 pm
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Cheesecake Factory's short interest has decreased by 5.87%, with 5.71 million shares sold short, representing 16.51% of its float. This is higher than its peers' average of 9.70%. The decrease in short interest may indicate a more bullish sentiment.
The decrease in short interest suggests that traders are less bearish on Cheesecake Factory, which could lead to a positive short-term impact on the stock price. The short interest is still higher than peers, indicating potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100