How Is The Market Feeling About Alaska Air Gr?
Portfolio Pulse from Benzinga Insights
Alaska Air Group's (NYSE:ALK) short interest has increased by 7.01% since the last report, with 3.22 million shares sold short, representing 2.9% of available shares. The current short interest suggests a bearish market sentiment towards ALK, although it has less short interest compared to its peers' average of 9.17%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.
February 27, 2024 | 7:15 pm
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Alaska Air Group's short interest has risen, indicating a potential bearish sentiment. However, it's lower than its peers, suggesting relative strength.
The increase in short interest for ALK suggests a bearish sentiment, but its lower than average peer short interest could indicate relative market strength or skepticism towards the bearish view. The impact on the stock price is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90