(SAVE) - Analyzing Spirit Airlines's Short Interest
Portfolio Pulse from Benzinga Insights
Spirit Airlines (NYSE:SAVE) has seen a 5.71% decrease in its short percent of float, now at 25.27%. This indicates a potential shift in market sentiment. The company's short interest remains higher than its peers, which average 9.15%.
May 28, 2024 | 2:15 pm
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Spirit Airlines has experienced a 5.71% decrease in short interest, now at 25.27% of its float. This could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Spirit Airlines, which could be interpreted as a positive signal for the stock. However, the short interest remains significantly higher than its peers, indicating that there is still considerable bearish sentiment.
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