(KHC) - Analyzing Kraft Heinz's Short Interest
Portfolio Pulse from Benzinga Insights
Kraft Heinz's short interest has decreased by 13.73%, with 31.54 million shares sold short, representing 3.58% of its float. This is lower than the peer group average of 4.49%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 08, 2024 | 1:30 pm
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Kraft Heinz's short interest has decreased by 13.73%, with 31.54 million shares sold short, representing 3.58% of its float. This is lower than the peer group average of 4.49%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Kraft Heinz, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that its short interest is below the peer average, potentially making the stock more attractive to investors.
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