How Is The Market Feeling About Hershey?
Portfolio Pulse from Benzinga Insights
Hershey's short interest has increased by 31.85%, with 7.34 million shares sold short, representing 5.63% of its float. This is higher than its peers' average of 4.09%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
August 30, 2024 | 8:00 pm
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Hershey's short interest has increased significantly, indicating a bearish sentiment among investors. The short interest is now 5.63% of its float, higher than the peer average of 4.09%.
The increase in short interest suggests that investors are expecting the stock price to fall, which is a bearish indicator. The fact that Hershey's short interest is higher than its peers further supports this sentiment. However, short interest alone does not guarantee a price drop.
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