Looking Into Coca-Cola Consolidated's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Coca-Cola Consolidated (NYSE:COKE) has seen a significant increase in short interest, rising 102.3% since its last report. Currently, 1.76% of its shares are sold short, which is lower than the peer group average of 7.48%. This increase in short interest could indicate bearish sentiment, but it doesn't necessarily predict a stock price decline.
October 17, 2024 | 2:00 pm
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Coca-Cola Consolidated's short interest has increased by 102.3%, now at 1.76% of float. This rise could indicate bearish sentiment, but it's below the peer average of 7.48%.
The significant increase in short interest suggests that investors are becoming more bearish on COKE. However, the short interest is still below the peer average, which may mitigate the negative impact. The market sentiment could lead to short-term price pressure.
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