(MCO) - Analyzing Moody's's Short Interest
Portfolio Pulse from Benzinga Insights
Moody's (NYSE:MCO) has seen a 6.6% increase in short interest since the last report, with 1.79 million shares sold short, representing 1.13% of available shares. It would take about 2.11 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Moody's has less short interest compared to its peer group average of 3.63%.
November 22, 2023 | 1:30 pm
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Moody's has experienced an increase in short interest, which could indicate bearish sentiment among investors but is still below its peer group average.
The rise in short interest for Moody's suggests that some investors are expecting the price to fall, which could lead to increased volatility in the short term. However, since the short interest is below the peer group average, it may not be a strong bearish signal. The impact on the stock price is uncertain, hence a neutral score is given.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100