Peering Into Red Rock Resorts's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Red Rock Resorts (NYSE:RRR) has seen a 14.0% increase in its short percent of float, now at 5.21%. This indicates a bearish sentiment among investors, as it would take traders 3.97 days to cover their short positions. The company's short interest is higher than its peers, whose average is 5.05%.
June 26, 2024 | 4:30 pm
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Red Rock Resorts has experienced a 14.0% increase in short interest, now at 5.21% of its float. This suggests a bearish sentiment among investors, as it would take 3.97 days to cover short positions. The company's short interest is higher than the peer average of 5.05%.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price in the short term. The fact that the short interest is higher than the peer average further supports this bearish outlook.
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