Looking Into Mastercard's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mastercard's (NYSE:MA) short interest has increased by 14.81% since the last report, with 5.12 million shares sold short, representing 0.62% of its float. It would take about 2.17 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards Mastercard, although it has less short interest compared to its peers, with an average of 4.99% in the peer group.
May 09, 2024 | 1:00 pm
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Mastercard's short interest has increased, indicating a potential bearish sentiment among investors. However, its short interest is still below the peer group average.
The increase in short interest suggests that investors might be expecting the price of Mastercard's stock to decline, which could lead to negative pressure on the stock price in the short term. However, the fact that Mastercard's short interest is below its peer group average might mitigate some of the negative sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90