How Is The Market Feeling About Starbucks?
Portfolio Pulse from Benzinga Insights
Starbucks (NYSE:SBUX) has seen a 7.64% decrease in its short percent of float, now at 2.54% of available shares. This indicates a more bullish sentiment compared to its peers, which have an average short interest of 11.11%.
October 01, 2024 | 5:00 pm
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Starbucks has experienced a 7.64% decrease in short interest, now at 2.54% of its float, indicating a more bullish sentiment compared to its peers with an average of 11.11%.
The decrease in short interest suggests that investors are less bearish on Starbucks compared to its peers, which could lead to a positive short-term impact on its stock price.
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