How does the market feel about Monster Beverages? – Monster Beverage (NASDAQ: MNST)

monster drink micro neuroscience technology Since the last report, short shares have increased 6.35%. The company recently reported that it has 21.82 million shares were sold shortaccounting for 3.18% of all common shares available for trading. According to its trading volume, It takes traders an average of 4.76 days to cover short positions.

Why short interest matters

Short interest is the number of shares that have been shorted but have not yet been covered or closed. Short selling is when traders sell shares of a company they don’t own in the hope that the price will fall. If the stock price falls, the trader can make money by selling short, but if the stock price rises, the trader will suffer a loss.

Tracking short interest is important because it can serve as an indicator of market sentiment toward a particular stock. An increase in short interest may indicate that investors are becoming more bearish, while a decrease in short interest may indicate that they are becoming more bullish.

See also: List of most shorted stocks

Monster Beverage Short Interest Chart (3 Months)

As you can see from the table above, the percentage of Monster Beverage’s shares sold short has increased since the last report. This doesn’t mean the stock will fall in the short term, but traders should be aware that more shares are being sold short.

Monster Beverage short interest comparison with peers

Peer comparisons are a popular technique used by analysts and investors to measure how well a company is doing. A company’s peers are another company with similar characteristics (such as industry, size, age, and financial structure). You can find a company’s peer group by reading a company’s 10-K, agency filings, or conducting your own similarity analysis.

According to Benzinga Pro, Monster Beverage’s peer group average short interest as a % of float is 7.55%, meaning the company less Short interest is higher than most peers.

Did you know that increasing short interest can actually bullish For stocks? This article from Benzinga Money explains how to profit from it.

This article was generated by Benzinga’s automated content engine and has been reviewed by an editor.