(ABNB) - Analyzing Airbnb's Short Interest
Portfolio Pulse from Benzinga Insights
Airbnb's (NYSE:ABNB) short interest has decreased by 10.96% since the last report, with 19.19 million shares sold short, representing 4.47% of available shares. The average time to cover these short positions is 4.93 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price rise. Airbnb's short interest is below its peer group average of 6.41%.
January 19, 2024 | 4:00 pm
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Airbnb's short interest has decreased, which may suggest a more bullish sentiment among investors. The stock may see less downward pressure from short sellers.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can reduce the likelihood of downward pressure from short selling. However, this is not a definitive predictor of stock price movement, and other market factors will also play a role.
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