Peering Into Southwest Airlines's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Southwest Airlines (NYSE:LUV) has seen a 12.16% decrease in short interest, with 20.61 million shares sold short, representing 3.9% of available shares. The average time to cover these short positions is 2.59 days. A decrease in short interest may indicate a more bullish sentiment among investors. Compared to its peers, Southwest has a lower short interest as a percentage of float, with the peer group average at 8.86%.
January 29, 2024 | 6:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Southwest Airlines's short interest has decreased, which could be a sign of increasing investor confidence and a more bullish outlook for the stock in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price. Since Southwest Airlines has a lower short interest compared to its peers, this could be perceived positively by the market, potentially leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100