How Is The Market Feeling About Monster Beverage?
Portfolio Pulse from Benzinga Insights
Monster Beverage's short interest has decreased by 6.78%, with 22.91 million shares sold short, representing 3.3% of its float. This is lower than the peer average of 7.26%, indicating a relatively bullish sentiment compared to its peers.
October 15, 2024 | 8:15 pm
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Monster Beverage's short interest has decreased by 6.78%, with 22.91 million shares sold short, representing 3.3% of its float. This is lower than the peer average of 7.26%, indicating a relatively bullish sentiment compared to its peers.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. With Monster Beverage's short interest being lower than its peers, it indicates that investors are less bearish on MNST compared to similar companies. This could lead to a positive impact on the stock price in the short term.
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