How Is The Market Feeling About Moody's?
Portfolio Pulse from Benzinga Insights
Moody's (NYSE:MCO) short percent of float has risen 6.82% since its last report, with 1.49 million shares sold short, which is 0.94% of all regular shares available for trading. It would take traders 2.65 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.73%.
October 04, 2023 | 6:45 pm
News sentiment analysis
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NEGATIVE IMPACT
Moody's has seen an increase in short interest, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
The increase in short interest indicates that traders are expecting the price of Moody's stock to fall. However, the fact that its short interest is less than its peer group average could suggest that the bearish sentiment is not as strong as it is for other companies in the same sector.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100