(ABNB) - Analyzing Airbnb's Short Interest
Portfolio Pulse from Benzinga Insights
Airbnb's (NYSE:ABNB) short percent of float has risen 30.21% since its last report, with 25.64 million shares sold short, which is 6.12% of all regular shares available for trading. It would take traders 1.66 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.47%.
October 16, 2023 | 3:45 pm
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Airbnb's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is still less than its peer group average.
The increase in short interest indicates that traders are expecting Airbnb's stock price to fall. However, the fact that its short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100