Looking Into Baidu's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Baidu's (NASDAQ:BIDU) short percent of float has fallen 9.31% since its last report, with 5.11 million shares sold short, which is 1.85% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Baidu. Compared to its peers, Baidu has less short interest, with an average of 6.54% for its peer group.
June 29, 2023 | 2:01 pm
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Baidu's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. Its short interest is also lower than its peer group average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Baidu's short interest is lower than its peer group average, could potentially have a positive impact on Baidu's stock price in the short term.
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