How Is The Market Feeling About Delta Air Lines?
Portfolio Pulse from Benzinga Insights
Delta Air Lines (NYSE:DAL) has seen a 6.8% increase in short percent of float, now at 3.3% of all shares available for trading. With 18.86 million shares sold short, it would take about 1.34 days to cover these positions. This rise in short interest may indicate a more bearish market sentiment towards DAL, though it's lower than its peer group average of 10.02% short interest as a percentage of float.
May 14, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Delta Air Lines has experienced an increase in short interest, indicating a potentially bearish market sentiment. 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 DAL to decrease, which could lead to a short-term negative impact on the stock price. However, being below the peer average indicates that the sentiment might not be as bearish compared to its competitors, which could mitigate some of the negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90