Looking Into Baidu's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Baidu's (NYSE:BIDU) short interest has increased by 15.38% since the last report, with 4.56 million shares sold short, representing 1.65% of available shares. It would take about 1.11 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, Baidu has less short interest compared to its peer group average of 6.72%. The rise in short interest does not necessarily predict a near-term price drop.
December 15, 2023 | 8:15 pm
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Baidu's short interest has risen, indicating potential bearish sentiment among traders. However, its short interest is below the peer group average, which could be seen as relatively positive.
The increase in short interest suggests that some investors are bearish on Baidu. However, since the short interest is still below the peer average, this may not have a strong negative impact on the stock price in the short term. The market's reaction to changes in short interest can be unpredictable, and the article suggests that an increase in short interest does not necessarily mean the stock will fall.
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