Peering Into Royal Caribbean Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Royal Caribbean Gr (NYSE:RCL) has seen a 10.36% decrease in short interest, with 17.17 million shares sold short, representing 9.78% of its float. The short interest is higher than its peer group average of 6.63%. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.
November 15, 2023 | 2:00 pm
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Royal Caribbean's short interest has decreased, which may suggest a more bullish market sentiment towards the stock. However, this is not a definitive predictor of near-term price movement.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price. However, the article suggests caution, as this is not a guaranteed predictor of immediate price movement. The higher short interest relative to peers could have previously put downward pressure on the stock, so a reduction might alleviate some of that pressure.
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