Looking Into Royal Caribbean Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Royal Caribbean Gr's (NYSE:RCL) short percent of float has fallen 4.85% since its last report, with 20.30 million shares sold short, which is 11.57% of all regular shares available for trading. It would take traders 8.31 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 6.09% for its peer group.
September 12, 2023 | 8:30 pm
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The decrease in short interest for Royal Caribbean Gr could indicate a more bullish sentiment among investors. However, the company still has a higher short interest than most of its peers.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are becoming more bullish, expecting the stock price to rise. However, Royal Caribbean Gr still has a higher short interest than most of its peers, which could indicate a higher risk of a price drop if those short positions are covered.
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