Starbucks Corp (SBUX) short interest is $2.70 billion; 39.21 million shares shorted; 3.26% of float; stock borrow is 30 bp fee (general collateral). SBUX is the most shorted stock in the worldwide Restaurant sector.
SBUX shares shorted has increased by 2.5 million shares, +6.78%, over the last week â€“ most of the increase occurring after former CEO Howard Schultzâ€™s 60 Minute interview in which he declared the possibility of a presidential run as an Independent.
Strong short selling is continuing in SBUX today as the stock is continuing to slightly trade off its year-to-date high it hit on Tuesday.
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