Looking Into Booking Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Booking Holdings (NYSE:BKNG) has seen a 5.23% decrease in short interest since its last report, with 581 thousand shares currently sold short. This represents 1.63% of all regular shares available for trading. The average time to cover these short positions, based on trading volume, is 2.93 days. The company's short interest as a percentage of float is lower than its peer group average of 7.15%.
November 03, 2023 | 6:45 pm
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Booking Holdings has seen a decrease in short interest, which could indicate a more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish on the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so this does not guarantee a price increase.
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