Peering Into Sirius XM Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sirius XM Holdings (NYSE:SIRI) has seen a 4.39% decrease in short interest, now at 166.28 million shares or 27.21% of float, taking an average of 13.05 days to cover. This decline in short interest could indicate a more bullish sentiment towards SIRI, despite it having a higher short interest than its peers, with the average being 6.99%.
March 13, 2024 | 7:30 pm
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Sirius XM Holdings's short interest has decreased, indicating a potential shift in market sentiment towards the stock.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Sirius XM Holdings, this could mean a short-term positive impact on its stock price as the market sentiment appears to be shifting in a more bullish direction. However, it's important to note that short interest is just one of many factors that can influence stock prices.
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