Looking Into Booking Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Booking Holdings (NASDAQ:BKNG) has seen a 29.83% rise in short percent of float since its last report, with 867 thousand shares sold short, representing 2.35% of all regular shares available for trading. This does not necessarily indicate a near-term fall in the stock, but traders should be aware of the increased shorting. Compared to its peers, Booking Holdings has less short interest, with the peer group average at 8.46%.
June 29, 2023 | 2:01 pm
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Booking Holdings has seen a significant rise in short interest, but this does not necessarily indicate a near-term fall in the stock. The company's short interest is less than its peer group average.
The rise in short interest indicates that more traders are betting against the stock, which could potentially lead to downward pressure on the stock price. However, the company's short interest is less than its peer group average, suggesting that it may not be as heavily shorted as other similar companies. Therefore, the impact on the stock price is uncertain in the short term.
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