How Is The Market Feeling About Baidu?
Portfolio Pulse from Benzinga Insights
Baidu's (NYSE:BIDU) short percent of float has fallen 3.51% since its last report, indicating a more bullish sentiment towards the stock. The company has 4.56 million shares sold short, which is 1.65% of all regular shares available for trading. Compared to its peers, Baidu has less short interest, with the peer group average at 6.48%.
August 08, 2023 | 8:15 pm
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Baidu's short percent of float has decreased, indicating a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock price.
A decrease in short interest indicates that fewer investors are betting against the stock, which can be a bullish sign. This could potentially lead to an increase in the stock price.
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IMPORTANCE 75
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