(PEP) - Analyzing PepsiCo's Short Interest
Portfolio Pulse from Benzinga Insights
PepsiCo's short interest has increased by 11.48%, with 18.72 million shares sold short, representing 1.36% of its float. This is lower than the peer group average of 7.30%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 16, 2024 | 4:15 pm
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PepsiCo's short interest has increased by 11.48%, with 18.72 million shares sold short, representing 1.36% of its float. This is lower than the peer group average of 7.30%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since PepsiCo's short interest is still lower than its peers, the impact on the stock price may be neutral in the short term. The market sentiment is mixed, and the short interest alone doesn't guarantee a price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100