Peering Into Marriott Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marriott Intl (NYSE:MAR) has seen a decrease in short interest, with the current level at 6.61 million shares or 2.98% of float, down 5.99% from the last report. It would take about 3.88 days to cover all short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Marriott's short interest is below its peer group average of 7.70%.
January 05, 2024 | 1:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Marriott Intl's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this is not a certain indicator of future stock performance.
The decrease in short interest for Marriott Intl suggests that fewer investors are betting on the stock price to fall, which could be taken as a positive sign. However, short interest is just one of many indicators and does not guarantee an increase in stock price. The relevance is high as the news is directly about Marriott's stock, but the importance is moderate because short interest is only one factor among many that can affect stock prices. The confidence level is not at the maximum because market sentiment can be unpredictable and does not always correlate with stock price movements.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100