Looking Into Moody's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Moody's (NYSE:MCO) short percent of float has decreased by 8.0% since its last report, with 1.45 million shares sold short, representing 0.92% of all regular shares available for trading. It would take traders 2.4 days on average to cover their short positions. The company's short interest is less than its peer group average of 3.86%.
August 30, 2023 | 1:30 pm
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NEUTRAL IMPACT
Moody's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, it's important to note that this doesn't necessarily mean the stock will rise in the near term.
Short interest is a measure of market sentiment towards a stock. A decrease in short interest can indicate a more bullish sentiment, as fewer traders are betting on the stock's price to fall. However, this doesn't necessarily mean the stock will rise in the near term, as other factors can also influence its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100