Looking Into Sirius XM Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sirius XM Holdings (NYSE:SIRI) has seen a 16.03% decrease in its short percent of float, now at 3.72%. This is lower than its peers' average of 9.70%. The decrease in short interest may indicate a more bullish sentiment among investors.
August 23, 2024 | 4:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Sirius XM Holdings has experienced a 16.03% decrease in short interest, now at 3.72% of float, which is below the peer average of 9.70%. This could suggest a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Sirius XM Holdings, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that its short interest is significantly lower than the peer average, potentially making the stock more attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100