Peering Into Marriott Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marriott Intl's (NYSE:MAR) short interest has decreased by 9.5%, with 4.76 million shares sold short, representing 2.19% of its float. This decline in short interest, which now requires an average of 3.08 days to cover, could indicate a more bullish sentiment towards MAR compared to its peers, where the average short interest as a percentage of float is 5.20%.
March 15, 2024 | 4:15 pm
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POSITIVE IMPACT
Marriott Intl's short interest has decreased, indicating a potential bullish sentiment among investors. With a lower short interest compared to its peers, MAR might see a positive short-term impact on its stock price.
The decrease in short interest for Marriott Intl suggests that investors are becoming more bullish on the stock. This is further supported by the fact that MAR's short interest is below the peer group average, indicating a relatively stronger sentiment towards MAR. Such a shift in market sentiment can lead to a positive short-term impact on the stock price, as fewer investors are betting on its decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90