How Is The Market Feeling About Conagra Brands?
Portfolio Pulse from Benzinga Insights
Conagra Brands (NYSE:CAG) has seen a 15.23% decrease in its short percent of float, now at 3.45%. This is lower than its peers' average of 4.19%. The reduced short interest may indicate a more bullish sentiment towards the stock.
September 06, 2024 | 1:15 pm
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Conagra Brands has experienced a 15.23% decrease in short interest, now at 3.45% of float, which is below the peer average of 4.19%. This could suggest a more bullish market sentiment.
The decrease in short interest suggests that fewer investors are betting against Conagra Brands, which could indicate a shift towards a more positive outlook on the stock. This is further supported by the fact that its short interest is below the peer average, potentially making it more attractive to investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100