(DAL) - Analyzing Delta Air Lines's Short Interest
Portfolio Pulse from Benzinga Insights
Delta Air Lines (NYSE:DAL) has seen a 14.71% increase in short interest since the last report, with 17.76 million shares sold short, representing 3.12% of available shares. The short interest ratio is 1.66 days to cover. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Delta's short interest is below its peer group average of 9.61%.
January 05, 2024 | 7:30 pm
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Delta Air Lines has experienced an increase in short interest, which may suggest bearish market sentiment but is still below the peer group average.
The increase in short interest for Delta Air Lines indicates that some investors are expecting the stock price to decline. However, since the short interest is below the peer group average, it may not be a strong bearish signal. The short interest ratio suggests that any potential short squeeze would be relatively quick to resolve, given the 1.66 days to cover. Therefore, the short-term impact on the stock price is likely to be neutral.
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