How Is The Market Feeling About Zillow Gr?
Portfolio Pulse from Benzinga Insights
Zillow Group (NYSE:Z) has seen a 15.84% decrease in short interest since the last report, with 15.68 million shares sold short, representing 10.31% of available shares. The average time to cover these short positions is 3.77 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Zillow has a higher short interest than its peer group average of 6.85%. Short interest is a key indicator of market sentiment and changes in short interest can have implications for stock performance.
January 23, 2024 | 8:45 pm
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Zillow Group's decrease in short interest may suggest a more bullish sentiment among investors, potentially leading to a positive short-term impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price as short sellers cover their positions. However, the article does not guarantee a price rise, and the impact on Zillow's stock will also depend on broader market conditions and company performance.
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