Peering Into Boyd Gaming's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Boyd Gaming (NYSE:BYD) has seen an 8.41% increase in its short percent of float, now at 5.8%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 5.03%. It would take traders 3.49 days to cover their short positions.
June 25, 2024 | 2:00 pm
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Boyd Gaming's short interest has increased by 8.41%, now at 5.8% of its float. This suggests a bearish sentiment among investors, as it is higher than the peer group average of 5.03%.
The increase in short interest indicates that more investors are betting against Boyd Gaming, which could lead to downward pressure on the stock price in the short term. The fact that it surpasses the peer group average further emphasizes the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100