Looking Into Sea's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sea's (NYSE:SE) short interest has decreased by 16.12% since the last report, with 18.03 million shares sold short, representing 5.88% of its float. This decline in short interest could indicate a more bullish sentiment towards the stock, despite it having a higher short interest than its peer group average of 3.81%.
May 03, 2024 | 5:00 pm
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Sea's short interest has decreased significantly, indicating a potential shift in market sentiment towards a more bullish outlook.
A decrease in short interest typically suggests that investors are becoming less bearish, potentially leading to less selling pressure and a more favorable outlook for the stock price in the short term.
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IMPORTANCE 75
RELEVANCE 90