Constellation Brands (STZ) reported a 5.71% increase in short interest as a percentage of float. The total number of shares sold short now stands at 10.51 million. This volume represents 6.29% of all regular shares available for trading.
The rise in short interest signals that investors are increasingly betting the company’s stock price will decline. This metric places Constellation Brands' short interest higher than its peer group average, which currently stands at 5.82%.
An increase in short selling often signals investor pessimism regarding near-term prospects, though it does not guarantee a future price decline. Separately, institutional trading updates show Shorepoint Capital Partners LLC recently took a new position in STZ.