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Investors are Betting Against Sodastream International Ltd (SODA) Should You?

Zacks Equity Research

Many investors appear to be quite bearish Sodastream International Ltd (SODA) especially if you look at the percentage of the float that is sold short for this stock. Currently, 46.5% of the float is sold short, suggesting an extreme level of bearishness for SODA.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on SODA, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of SODA to move higher in the weeks ahead.

SODASTREAM INTERNATIONAL LTD ORD (SODA): Free Stock Analysis ReportZacks Investment Research