Looking Into Royal Caribbean Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Royal Caribbean Gr (NYSE:RCL) has seen a 3.83% increase in short interest since its last report, with 16.68 million shares sold short, representing 9.5% of its float. It would take about 5.47 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. RCL has a higher short interest compared to its peer group average of 7.42%.
January 10, 2024 | 3:15 pm
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Royal Caribbean's increased short interest suggests bearish market sentiment, but it's not a definitive predictor of immediate stock price movement.
While the increase in short interest for RCL indicates that more investors are betting against the stock, this is not a certain indicator of a future decline in stock price. Short squeezes or other market dynamics could lead to different outcomes.
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