How Is The Market Feeling About Marriott Intl?
Portfolio Pulse from Benzinga Insights
Marriott Intl (NYSE:MAR) has seen a 12.01% increase in short interest since its last report, with 7.03 million shares sold short, representing 3.17% of its float. It would take about 5.69 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Marriott's short interest is below its peer group average of 7.83%.
December 19, 2023 | 2:15 pm
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Marriott Intl's increased short interest suggests bearish sentiment, but it's still below the peer average, indicating mixed market feelings.
The rise in short interest for Marriott Intl indicates that some investors are expecting the stock price to decline. However, since the short interest is below the peer group average, it does not strongly suggest a widespread bearish outlook. The impact on the stock price is uncertain, as short interest is just one of many factors that can affect stock performance.
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