Peering Into Airbnb's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Airbnb's (NASDAQ:ABNB) short percent of float has risen 9.23% since its last report, with 25.40 million shares sold short, which is 6.27% of all regular shares available for trading. It would take traders 4.0 days to cover their short positions on average. The company's short interest is less than its peer group average of 8.07%.
June 28, 2023 | 1:01 pm
News sentiment analysis
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Airbnb's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
The increase in short interest indicates that traders are expecting Airbnb's stock price to fall. However, the fact that Airbnb's short interest is less than its peer group average suggests that the bearish sentiment is not as strong compared to other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100