(HLT) - Analyzing Hilton Worldwide Holdings's 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%.
October 17, 2023 | 3:15 pm
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Hilton's short percent of float has risen 13.76%, indicating increased bearish sentiment. However, its short interest is less than its peer group average, suggesting it may be performing better than similar companies.
The rise in Hilton's short percent of float suggests that traders are expecting the stock price to fall. However, the fact that its short interest is less than its peer group average could indicate that it is performing better than similar companies, which could mitigate potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100