(SIRI) - Analyzing Sirius XM Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
Sirius XM Holdings (NYSE:SIRI) has seen a 10.53% increase in its short percent of float, now at 22.99%. This indicates a bearish sentiment among investors, as it would take 9.59 days to cover short positions. The company's short interest is significantly higher than its peers, whose average is 9.51%.
May 31, 2024 | 6:00 pm
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Sirius XM Holdings has experienced a 10.53% increase in short interest, now at 22.99% of its float. This suggests a bearish sentiment among investors, as it would take 9.59 days to cover short positions. The company's short interest is significantly higher than its peers, whose average is 9.51%.
The significant increase in short interest indicates a bearish sentiment among investors. The high percentage of shares sold short compared to peers suggests that investors are particularly pessimistic about Sirius XM Holdings' near-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100