Looking Into Toast's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Toast's short interest has decreased by 10.2%, with 34.26 million shares sold short, representing 7.57% of its float. This is higher than its peers' average of 5.40%. The decrease in short interest may indicate a shift in market sentiment.
October 10, 2024 | 6:00 pm
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Toast's short interest has decreased by 10.2%, now at 7.57% of its float, which is higher than the peer average of 5.40%. This decrease may suggest a shift towards a more bullish sentiment.
The decrease in short interest suggests that fewer investors are betting against Toast, which could indicate a more positive market sentiment. This is significant as Toast's short interest is still higher than its peers, suggesting potential for a bullish trend if sentiment continues to improve.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100