Peering Into Hyatt Hotels's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hyatt Hotels (NYSE:H) has seen a decrease in short interest, with the current short percent of float at 9.79%, down 12.67% from the last report. The company has 3.75 million shares sold short, requiring 7.82 days on average for traders to cover their short positions. This change in short interest could indicate a shift in market sentiment towards the stock. Hyatt's short interest is higher than its peer group average of 5.61%, suggesting more bearish sentiment compared to its peers.
April 24, 2024 | 7:45 pm
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Hyatt Hotels has experienced a significant decrease in short interest, indicating a potential shift in market sentiment towards the stock. The current short interest stands at 9.79% of the float, down 12.67% from the last report.
A decrease in short interest typically suggests that investors are becoming more bullish on a stock. For Hyatt Hotels, this decrease could signal a positive shift in investor sentiment, potentially leading to a short-term increase in stock price as traders cover their short positions. However, the stock's performance will also depend on broader market conditions and company-specific news.
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