(BABA) - Analyzing Alibaba Gr Holding's Short Interest
Portfolio Pulse from Benzinga Insights
Alibaba Gr Holding (NYSE:BABA) has seen a 15.79% increase in short interest since its last report, with 47.62 million shares sold short, representing 1.98% of available shares. The short interest ratio is 1.75 days to cover. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Compared to its peers, BABA has a lower short interest as a percentage of float (1.98% vs. 11.44% average).
December 14, 2023 | 5:00 pm
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Alibaba's increased short interest suggests bearish market sentiment, but it's still below peer average. This could indicate resilience or undervaluation.
The rise in short interest for Alibaba indicates a bearish sentiment, but the stock's short interest is still below the peer group average, which could mitigate the negative impact. The short interest ratio suggests that any potential short squeeze would be resolved relatively quickly. Therefore, the short-term impact on the stock price is likely to be neutral.
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