Looking Into Alibaba Gr Holding's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Alibaba Gr Holding's (NYSE:BABA) short interest has increased by 5.85%, with 43.47 million shares sold short, representing 1.81% of its float. The short interest now takes approximately 1.82 days to cover. This rise in short interest indicates a more bearish market sentiment towards BABA, although it has less short interest compared to its peer group average of 8.45%. The increase in short interest can be a bullish signal for the stock.
March 21, 2024 | 4:00 pm
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NEUTRAL IMPACT
Alibaba's short interest has risen, indicating a bearish sentiment but remains below peer average. This could potentially be bullish for BABA.
The increase in short interest suggests a bearish sentiment towards Alibaba, but the fact that it's below the peer average and the notion that increasing short interest can be bullish provide a mixed outlook. The short-term impact is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90