Peering Into MGM Resorts Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MGM Resorts Intl's (NYSE:MGM) short interest has decreased by 6.17% since the last report, with 12.46 million shares sold short, representing 5.17% of its float. It would take about 4.28 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards MGM among investors. MGM's short interest is higher than its peer group average of 4.58%, suggesting it has more short interest compared to its peers.
May 08, 2024 | 1:15 pm
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MGM Resorts Intl's short interest has decreased, indicating potentially more bullish sentiment among investors. With a short interest higher than its peers, this could reflect unique market views on MGM.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. Given that MGM's short interest is still higher than its peers, it indicates that while sentiment is improving, there may still be skepticism. This contrast could lead to increased investor interest and potentially a short-term price increase as the market digests this information.
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