How Is The Market Feeling About Hilton Worldwide Holdings?
Portfolio Pulse from Benzinga Insights
Hilton Worldwide Holdings (NYSE:HLT) has seen a decrease in short interest, with the short percent of float dropping 12.94% since the last report. The company has 4.40 million shares sold short, representing 1.75% of available shares for trading. The average time to cover these short positions is 2.35 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Hilton's short interest is below its peer group average of 6.98%.
November 17, 2023 | 8:00 pm
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Hilton Worldwide Holdings has experienced a decrease in short interest, which may suggest a more bullish market sentiment towards the company's stock in the short term.
The reduction in short interest for Hilton Worldwide Holdings indicates that fewer traders are betting against the stock, which could lead to less selling pressure and potentially a rise in the stock price in the short term. However, the article also cautions that this does not guarantee an immediate price increase. The comparison with peers showing lower short interest than average further supports a potentially positive outlook.
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