(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
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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.
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