Peering Into Booking Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Booking Holdings (NYSE:BKNG) has seen a 10.15% increase in short interest, now at 741 thousand shares or 2.17% of float, taking 2.76 days on average to cover. This rise indicates a more bearish market sentiment towards BKNG, although it has less short interest compared to its peer average of 5.20%. The increase in short interest doesn't necessarily predict a near-term price fall.
March 22, 2024 | 2:15 pm
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Booking Holdings has experienced a 10.15% increase in short interest, indicating a bearish market sentiment but remains below its peer average.
The increase in short interest suggests that investors are becoming more bearish on BKNG, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average indicates that the sentiment is not as negative compared to similar companies, which might mitigate the impact.
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