Looking Into Marriott Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marriott Intl's (NYSE:MAR) short interest has increased by 8.3%, with 5.88 million shares sold short, representing 2.61% of its float. It would take about 3.9 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards MAR, although it has less short interest compared to its peers, with an average of 6.09% in the peer group.
April 09, 2024 | 4:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Marriott Intl's short interest has risen by 8.3%, indicating a bearish market sentiment. However, it's below its peer average, suggesting a relatively stronger position.
The increase in short interest for Marriott Intl suggests that investors are becoming more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, being below the peer average in short interest could mitigate some negative perceptions, indicating a relatively stronger position among its competitors. This mixed signal makes the short-term impact slightly negative but with a degree of uncertainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100