Peering Into Expedia Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Expedia Group's (NYSE:EXPE) short interest has decreased by 9.15% since the last report, with 4.93 million shares sold short, representing 4.37% of its float. This decrease in short interest could indicate a more bullish sentiment towards EXPE among traders. The company's short interest is below its peer group average of 5.53%, suggesting a relatively positive outlook compared to its peers.
February 20, 2024 | 6:00 pm
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Expedia Group's short interest has decreased, indicating a potential bullish sentiment among traders. This could lead to a short-term positive impact on EXPE's stock price.
A decrease in short interest typically indicates that traders are less bearish on a stock, which can lead to an increase in its price in the short term. Given that EXPE's short interest is also below its peer group average, this suggests a relatively positive sentiment towards the stock, potentially leading to price appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90