Peering Into Sirius XM Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sirius XM Holdings (NYSE:SIRI) has seen a 7.83% increase in its short percent of float, now at 24.79%. This indicates a bearish sentiment among investors, as it would take 5.46 days to cover these short positions. Compared to its peers, Sirius XM has a higher short interest percentage.
June 17, 2024 | 2:45 pm
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Sirius XM Holdings has experienced a 7.83% increase in short interest, now at 24.79% of its float. This suggests a bearish sentiment among investors, as it would take 5.46 days to cover these short positions. Compared to its peers, Sirius XM has a significantly higher short interest percentage.
The increase in short interest indicates that more investors are betting against the stock, which typically signals bearish sentiment. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100