Looking Into Alaska Air Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Alaska Air Group's (NYSE:ALK) short interest has decreased by 22.13% since the last report, with 3.07 million shares sold short, representing 2.71% of available shares. The average time to cover these short positions is 1.0 day. This decline in short interest may indicate a more bullish sentiment towards ALK compared to its peers, which have an average short interest of 8.93% of float.
January 29, 2024 | 2:15 pm
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Alaska Air Group's short interest has significantly decreased, which could suggest a more bullish sentiment among investors and potentially lead to a short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which can lead to a short-term increase in stock price as short sellers cover their positions. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is not at the maximum level.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100