Looking Into Dutch Bros's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dutch Bros (NYSE:BROS) has seen a rise in short interest, with 10.28 million shares sold short, representing 9.66% of its float. This increase in short interest suggests a bearish sentiment among investors, although it is lower than the average of its peers.
September 04, 2024 | 4:15 pm
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Dutch Bros has experienced an 11.03% increase in short interest, with 10.28 million shares sold short, accounting for 9.66% of its float. This suggests a bearish sentiment, although the short interest is below the peer average.
The increase in short interest indicates that investors are more bearish on Dutch Bros, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100