Looking Into PepsiCo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PepsiCo's short interest has decreased by 10.29%, with 16.71 million shares sold short, representing 1.22% of its float. This is lower than the peer group average of 7.16%. The decrease in short interest may indicate a more bullish sentiment towards PepsiCo.
August 29, 2024 | 2:15 pm
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PepsiCo's short interest has decreased by 10.29%, with 16.71 million shares sold short, representing 1.22% of its float. This is lower than the peer group average of 7.16%. The decrease in short interest may indicate a more bullish sentiment towards PepsiCo.
The decrease in short interest suggests that investors are less bearish on PepsiCo compared to its peers, which could lead to a positive short-term impact on its stock price. The lower short interest relative to peers indicates a more favorable market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100