Looking Into Boyd Gaming's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Boyd Gaming (NYSE:BYD) has seen a decrease in short interest, with the current level at 2.85 million shares or 4.12% of the float, down 13.81% from the last report. It would take about 4.7 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards the stock. Boyd Gaming's short interest is higher than its peer group average of 3.70%.
February 12, 2024 | 3:00 pm
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Boyd Gaming's short interest has decreased, indicating a potential shift in market sentiment towards the stock. This could influence the stock's short-term performance.
A decrease in short interest typically suggests that investors are becoming more bullish on a stock, expecting its price to rise. Given that Boyd Gaming's short interest has fallen significantly, this could lead to a positive impact on the stock's price in the short term, especially as it now has a higher short interest compared to its peers, indicating a stronger bullish sentiment.
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