How Is The Market Feeling About Delta Air Lines?
Portfolio Pulse from Benzinga Insights
Delta Air Lines (NYSE:DAL) has seen a decrease in its short percent of float by 12.81% since its last report, with 17.81 million shares sold short, representing 3.13% of all regular shares available for trading. This decrease in short interest could indicate a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Delta Air Lines has less short interest as a percentage of float, with an average of 6.83%.
August 04, 2023 | 1:44 pm
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NEUTRAL IMPACT
Delta Air Lines has seen a decrease in short interest, which could indicate a more bullish sentiment towards the stock. However, this does not guarantee a rise in the stock price in the near term.
A decrease in short interest usually indicates a more bullish sentiment towards a stock as it means fewer investors are betting against it. However, this does not necessarily translate into a rise in stock price, as other market factors also play a role. Therefore, while the news is relevant for Delta Air Lines, its impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100