Looking Into Moody's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Moody's (NYSE:MCO) short percent of float has fallen 13.21% since its last report, with 1.46 million shares sold short, which is 0.92% of all regular shares available for trading. It would take traders 2.13 days to cover their short positions on average. Compared to its peers, Moody's has less short interest as a percentage of float, with an average of 4.45%.
August 04, 2023 | 2:28 pm
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Moody's short interest has decreased, indicating a potentially more bullish market sentiment towards the company. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest can signal a more bullish sentiment, meaning investors expect the stock price to rise. However, this is not a guarantee and other factors could influence the stock price.
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