Peering Into Expedia Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Expedia Group (NYSE:EXPE) has seen a decrease in short interest, with the short percent of float falling 13.49% since the last report. The company has 5.56 million shares sold short, which is 4.81% of available shares for trading. The current short interest is lower than the peer group average of 6.06%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.
January 30, 2024 | 8:45 pm
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Expedia Group's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this does not guarantee an immediate increase in stock price.
While a decrease in short interest typically indicates that investors are less bearish on a stock, it is not a definitive predictor of short-term price movement. The article suggests caution, indicating that the decline in short interest for Expedia Group does not necessarily mean the stock price will rise in the near term.
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