Looking Into Sweetgreen's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sweetgreen's short interest has increased by 5.98%, with 24.28% of its float sold short, significantly higher than its peers' average of 10.17%. This indicates bearish sentiment, but high short interest can sometimes lead to bullish outcomes.
October 17, 2024 | 4:45 pm
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Sweetgreen's short interest has increased to 24.28% of its float, indicating a bearish sentiment compared to its peers. However, high short interest can sometimes lead to a short squeeze, potentially driving the stock price up.
The increase in short interest to 24.28% suggests bearish sentiment, as it is significantly higher than the peer average of 10.17%. However, high short interest can lead to a short squeeze, which may drive the stock price up if traders rush to cover their positions.
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