Starbucks sees surge in short selling

SEATTLE: Investors boosted bets against Starbucks Corp over the past week after former chairman Howard Schultz said he is considering a presidential run in 2020. Short sellers borrowed an additional 2.5 million shares over the past week, according to S3 Partners. That was the largest increase in short interest among restaurant stocks, said Ihor Dusaniwsky, managing director of predictive analytics at S3. Short interest in Starbucks is now about 3.3 per cent of the free float.