(MELI) - Analyzing MercadoLibre's Short Interest
Portfolio Pulse from Benzinga Insights
MercadoLibre's (NYSE:MELI) short interest has decreased by 5.73% since the last report, with 734 thousand shares sold short, representing 1.81% of the float. It would take 1.96 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. MercadoLibre has less short interest compared to its peer group average of 9.27%.
November 23, 2023 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
MercadoLibre's short interest has decreased, which may indicate a bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a short-term increase in stock price as the market sentiment improves. However, the impact on the stock price is not guaranteed and other market factors could influence the price movement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100