How Is The Market Feeling About Spirit Airlines?
Portfolio Pulse from Benzinga Insights
Spirit Airlines (NYSE:SAVE) has seen a 7.82% increase in its short percent of float, now at 29.24%. This indicates a bearish sentiment among investors, as it would take traders 6.16 days to cover their short positions. Spirit Airlines' short interest is significantly higher than its peers, whose average is 10.30%.
July 25, 2024 | 4:30 pm
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Spirit Airlines has experienced a 7.82% increase in its short percent of float, now at 29.24%. This suggests a bearish sentiment among investors, as it would take traders 6.16 days to cover their short positions. The company's short interest is significantly higher than its peers, whose average is 10.30%.
The significant increase in short interest indicates a bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term as more investors bet against the stock.
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