Peering Into Marriott Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marriott Intl's (NYSE:MAR) short percent of float has decreased by 5.88% since its last report, with 5.43 million shares sold short, representing 2.4% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Marriott has less short interest, with the average for its peer group being 7.11%.
August 22, 2023 | 4:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards Marriott Intl's stock. However, it 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 could mean that investors are less bearish on the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so this does not guarantee a rise in Marriott's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100