Peering Into Royal Caribbean Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Royal Caribbean Gr's (NYSE:RCL) short interest has decreased by 3.46% since the last report, with 16.19 million shares sold short, representing 9.21% of its float. This decline in short interest could indicate a more bullish sentiment towards RCL among investors. The current short interest is higher than the peer group average of 5.32%, suggesting RCL is more heavily shorted compared to its peers.
February 12, 2024 | 5:00 pm
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Royal Caribbean's short interest has decreased, indicating a potential bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For RCL, this decrease could lead to a short-term positive impact on its stock price as it indicates a shift towards a more bullish sentiment among investors. Additionally, being more heavily shorted than its peers but experiencing a decrease in short interest could make RCL particularly interesting to investors monitoring short interest as a sentiment indicator.
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