(DAL) - Analyzing Delta Air Lines's Short Interest
Portfolio Pulse from Benzinga Insights
Delta Air Lines's (NYSE:DAL) short percent of float has fallen 18.96% since its last report, with 20.43 million shares sold short, which is 3.59% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Delta Air Lines. Compared to its peers, Delta has less short interest as a percentage of float, with an average of 7.06%.
July 18, 2023 | 1:15 pm
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Delta Air Lines's short percent of float has decreased, indicating a more bullish market sentiment. This could potentially impact the stock's price positively in the short term.
A decrease in short interest often indicates a more bullish market sentiment towards a stock. This is because short selling is a practice where traders sell shares they do not own, hoping the price will fall. Therefore, a decrease in short interest could mean that fewer traders are expecting the stock's price to fall, which could potentially lead to an increase in the stock's price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100