(SE) - Analyzing Sea's Short Interest
Portfolio Pulse from Benzinga Insights
Sea's (NYSE:SE) short interest has decreased by 5.91% since the last report, with 21.51 million shares sold short, representing 7.01% of its float. This decrease in short interest could indicate a more bullish sentiment towards the stock, despite it being higher than its peer group average of 3.80%. The coverage time for short positions based on trading volume is approximately 1.93 days.
April 10, 2024 | 4:00 pm
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Sea's short interest has decreased, indicating a potential shift towards a more bullish market sentiment.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. Given that Sea's short interest is still above its peer group average, this decrease could be particularly significant, suggesting a stronger bullish sentiment among investors. However, the impact on the stock price will also depend on broader market conditions and company performance.
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