How Is The Market Feeling About Hilton Worldwide Holdings?
Portfolio Pulse from Benzinga Insights
Hilton Worldwide Holdings (NYSE:HLT) has seen a decrease in short interest, with the short percent of float dropping 13.23% since the last report. The company has 4.14 million shares sold short, representing 1.64% of available shares. The average time to cover these short positions is 2.1 days. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term rise in stock price. Hilton's short interest is below its peer group average of 7.76%.
January 01, 2024 | 7:00 pm
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Hilton Worldwide Holdings has reported a decrease in short interest, which could suggest a more bullish sentiment among investors. However, this does not guarantee an immediate increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a positive impact on the stock price in the short term. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is moderate and confidence is not at the maximum.
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IMPORTANCE 60
RELEVANCE 100