Looking Into Shake Shack's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Shake Shack's short interest has decreased by 5.47%, with 13.83% of its float sold short. This is higher than its peers' average of 10.63%. It would take 5.26 days to cover these positions. A decrease in short interest can indicate a more bullish sentiment.
October 16, 2024 | 6:30 pm
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Shake Shack's short interest has decreased by 5.47%, now at 13.83% of float, which is higher than its peers' average of 10.63%. This decrease could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Shake Shack, which can be interpreted as a positive sign for the stock. The fact that its short interest is still higher than its peers indicates that there is still significant bearish sentiment, but the reduction is a step towards a more bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100