(RRR) - Analyzing Red Rock Resorts's Short Interest
Portfolio Pulse from Benzinga Insights
Red Rock Resorts (NYSE:RRR) has seen a 20.04% decrease in its short percent of float, now at 4.07%. This suggests a more bullish sentiment compared to its peers, whose average short interest is 4.48%.
August 27, 2024 | 3:00 pm
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Red Rock Resorts has experienced a 20.04% decrease in short interest, now at 4.07% of float. This suggests a more bullish sentiment compared to its peers, whose average short interest is 4.48%.
The decrease in short interest by 20.04% suggests that investors are becoming more bullish on Red Rock Resorts. With a short interest of 4.07%, which is lower than the peer average of 4.48%, this indicates a relatively positive market sentiment. This could lead to a short-term price increase as fewer investors are betting against the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100