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Investors are Betting Against Boston Beer Co Inc (SAM), Should You?

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Many investors appear to be quite bearish on Boston Beer Co Inc (SAM - Free Report) , especially if you look at the percentage of the float that is sold short for this stock. Currently, 30.27% of the float is sold short, suggesting an extreme level of bearishness for SAM.

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 #1(Strong Buy) on SAM, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of SAM to move higher in the weeks ahead.

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