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Is Mondelez International Inc Gaining or Losing Market Support?
Mondelez International Inc (NYSE: MDLZ) has seen a 14.33% decrease in its short interest as a percent of float, indicating a potential shift towards a more bullish market sentiment. With 34.21 million shares sold short, representing 2.99% of its tradable shares, it would take traders approximately 2.92 days to cover their short positions. When compared to its peers, Mondelez’s short interest is lower than the average of 8.92%, suggesting less bearish sentiment relative to similar companies.