How Is The Market Feeling About Intuitive Machines?
Portfolio Pulse from Benzinga Insights
Intuitive Machines (NYSE:LUNR) has seen a significant increase in short interest, with 22.29% of its float being shorted, which is above its peer group average of 10.82%. This rise in short interest could indicate a bearish market sentiment towards LUNR, but it's also noted that increasing short interest can sometimes be bullish.
March 11, 2024 | 8:15 pm
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Intuitive Machines has experienced a significant rise in short interest, indicating a bearish sentiment but also potential for bullish outcomes.
The increase in short interest for LUNR suggests that the market sentiment might be leaning towards bearish due to the high percentage of shares shorted compared to its peers. However, the article also hints that high short interest can sometimes lead to bullish outcomes, making the short-term impact on LUNR's stock price uncertain.
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