Peering Into Booking Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Booking Holdings (NYSE:BKNG) has seen an 8.09% rise in its short percent of float since its last report, with 938 thousand shares sold short, representing 2.54% of all regular shares available for trading. It would take traders 2.87 days on average to cover their short positions based on its trading volume. The company's short interest is less than its peer group average of 7.50%.
July 17, 2023 | 6:00 pm
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Booking Holdings has seen an increase in short interest, which could indicate a bearish sentiment among investors. However, its short interest is still less than its peer group average.
An increase in short interest often indicates a bearish sentiment among investors, as they are betting that the stock's price will fall. However, Booking Holdings' short interest is still less than its peer group average, which could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100