Looking Into Hilton Worldwide Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hilton Worldwide Holdings's (NYSE:HLT) short percent of float has risen 13.76% since its last report, with 5.51 million shares sold short, which is 2.15% of all regular shares available for trading. It would take traders 2.91 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.64%.
September 29, 2023 | 6:30 pm
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Hilton Worldwide Holdings's short percent of float has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, Hilton's short interest is less than its peer group average, which could mean that the bearish sentiment is not as strong compared to other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100