(CAR) - Analyzing Avis Budget Gr's Short Interest
Portfolio Pulse from Benzinga Insights
Avis Budget Group's (NYSE:CAR) short interest has decreased by 13.55% since the last report, with 3.29 million shares sold short, representing 25.45% of its float. It would take about 4.35 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards the stock. Compared to its peers, Avis Budget Group has a significantly higher short interest percentage of float, with an average of 6.15% among its peers.
May 01, 2024 | 7:00 pm
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Avis Budget Group's short interest has decreased, indicating a potential shift in market sentiment towards the company.
A decrease in short interest typically suggests that investors are becoming more bullish on a stock. For Avis Budget Group, this reduction in short interest could lead to a positive short-term impact on its stock price as it indicates a decrease in the number of investors betting against the stock. Additionally, having a higher short interest compared to its peers but witnessing a significant drop could make it stand out positively among investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100