Peering Into Hilton Worldwide Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hilton Worldwide Holdings (NYSE:HLT) has seen a 6.72% increase in its short percent of float since the last report, with 3.17 million shares sold short, representing 1.43% of available shares. It would take about 2.31 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards HLT, although it has less short interest compared to its peer group average of 6.01%.
April 19, 2024 | 1:30 pm
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Hilton Worldwide Holdings has experienced an increase in short interest, indicating a bearish sentiment but still below peer average.
The increase in short interest for HLT suggests that investors are becoming more bearish on the stock. However, since HLT's short interest is below the peer group average, this might not be as negative compared to its competitors. The short-term impact is likely negative due to increased bearish sentiment, but the below-average short interest relative to peers could mitigate some downward pressure.
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