(FRPT) - Analyzing Freshpet's Short Interest
Portfolio Pulse from Benzinga Insights
Freshpet's short interest has increased by 13.43%, with 12.5% of its float sold short. This is significantly higher than its peers' average of 3.78%. It would take 6.22 days to cover these positions based on current trading volume.
September 06, 2024 | 1:45 pm
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Freshpet's short interest has increased significantly, indicating bearish sentiment. With 12.5% of its float sold short, it surpasses the peer average of 3.78%. This could lead to increased volatility in the stock price.
The increase in short interest suggests that investors are bearish on Freshpet, which could lead to downward pressure on the stock price. The high short interest compared to peers indicates a significant market sentiment shift. However, the article notes that this doesn't guarantee a price drop, but it does suggest potential volatility.
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IMPORTANCE 80
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