(MCO) - Analyzing Moody's's Short Interest
Portfolio Pulse from Benzinga Insights
Moody's (NYSE:MCO) short percent of float has fallen 19.08% since its last report, with 1.68 million shares sold short, which is 1.06% of all regular shares available for trading. It would take traders 2.27 days to cover their short positions on average. Moody's has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 4.36%.
July 17, 2023 | 2:30 pm
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Moody's has seen a decrease in short interest, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so a decrease in short interest does not guarantee a rise in the stock price.
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