Peering Into American Airlines Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Airlines Group (NYSE:AAL) has seen a 26.56% increase in short interest, with 110.41 million shares sold short, representing 19.11% of its float. This is significantly higher than its peers' average short interest of 10.86%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.
August 02, 2024 | 1:15 pm
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American Airlines Group (NYSE:AAL) has experienced a significant increase in short interest, now at 19.11% of its float. This is much higher than the peer group average of 10.86%, indicating a bearish sentiment among investors. However, the high short interest also opens up the possibility of a short squeeze.
The significant increase in short interest suggests that investors are bearish on AAL, which could lead to downward pressure on the stock price. However, the high short interest also means there is potential for a short squeeze, which could drive the price up if short sellers rush to cover their positions.
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