Looking Into H World Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
H World Group's (NYSE:HTHT) short interest has decreased by 9.77% since the last report, with 7.27 million shares sold short, representing 2.4% of its float. The current short interest suggests a bullish sentiment among investors, as it is lower than the peer group average of 5.66%. The decrease in short interest indicates fewer traders are betting against the stock, which could potentially signal a positive outlook for HTHT in the short term.
February 29, 2024 | 8:00 pm
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POSITIVE IMPACT
H World Group's short interest has decreased, indicating a potential positive sentiment among investors and possibly leading to a short-term price increase.
The decrease in short interest for H World Group suggests that fewer traders are betting against the stock, which can often be interpreted as a positive signal for the stock's short-term price movement. Given that HTHT's short interest is also below its peer group average, this further strengthens the case for potential bullish sentiment among investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90