Peering Into Marriott Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marriott Intl's (NASDAQ:MAR) short percent of float has risen 5.06% since its last report, with 5.75 million shares sold short, which is 2.49% of all regular shares available for trading. It would take traders 3.3 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Marriott Intl's peer group average for short interest as a percentage of float is 8.45%, which means the company has less short interest than most of its peers.
June 30, 2023 | 2:00 pm
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Marriott Intl's short percent of float has risen 5.06%, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in short interest indicates that investors are expecting the price of Marriott Intl's stock to fall. However, the fact that it has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
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