(TOST) - Analyzing Toast's Short Interest
Portfolio Pulse from Benzinga Insights
Toast (NYSE:TOST) has seen a 20.12% increase in its short percent of float, now at 8.3% of available shares. This is higher than its peers' average of 5.50%. It would take 9.58 days to cover these short positions based on current trading volume.
September 18, 2024 | 8:15 pm
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NEGATIVE IMPACT
Toast's short interest has increased by 20.12%, now at 8.3% of float, indicating bearish sentiment. This is higher than the peer average of 5.50%.
The increase in short interest suggests that investors are more bearish on Toast compared to its peers. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100