Peering Into Booking Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Booking Holdings (NYSE:BKNG) has seen a 19.02% increase in short interest since its last report, with 676 thousand shares sold short, representing 1.94% of its float. It would take about 2.07 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Booking Holdings has less short interest compared to its peer group average of 7.28%.
November 28, 2023 | 1:15 pm
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Booking Holdings has experienced an increase in short interest, which could suggest bearish market sentiment but is still below its peer group average.
The rise in short interest for Booking Holdings indicates that there may be a bearish sentiment among some investors. However, since the short interest is below the peer group average, it does not necessarily predict a decline in stock price. The short-term impact is likely neutral as the market may have already priced in this sentiment, and short interest alone is not a definitive indicator of future stock performance.
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