Peering Into Hilton Worldwide Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hilton Worldwide Holdings (NYSE:HLT) has seen a decrease in short interest, with the short percent of float dropping 12.59% to 1.25% of all shares available for trading. This indicates a bullish sentiment among investors, as fewer shares are being shorted compared to the peer group average of 7.05%. The current short interest represents 2.75 million shares, with a cover time of 2.24 days based on trading volume.
May 09, 2024 | 7:15 pm
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Hilton Worldwide Holdings's short interest has decreased, indicating a more bullish sentiment among investors. This could suggest a positive short-term outlook for HLT's stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, expecting its price to rise. For HLT, this reduction in short interest, especially when compared to its peers, suggests a stronger confidence in the company's short-term performance. Given the significant drop and its comparison to a higher peer average, this could lead to positive momentum for HLT's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90