Peering Into Booking Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Booking Holdings (NYSE:BKNG) has seen a 10.63% decrease in short interest, now at 644 thousand shares or 1.85% of float, taking 2.77 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards BKNG compared to its peers, where the average short interest as a percentage of float is 6.19%.
February 02, 2024 | 4:45 pm
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Booking Holdings's short interest has decreased, indicating potentially more bullish sentiment towards the stock.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. Given that BKNG's short interest has fallen significantly and is below the peer group average, this could imply a positive outlook from the market, potentially leading to a short-term price increase.
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