How Is The Market Feeling About Marriott Intl?
Portfolio Pulse from Benzinga Insights
Marriott International (NYSE:MAR) has seen a 5.53% increase in its short percent of float, now at 2.67%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 7.13%.
September 02, 2024 | 8:00 pm
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Marriott International's short interest has increased by 5.53%, reaching 2.67% of its float. This suggests a rise in bearish sentiment, but it remains below the peer average of 7.13%.
The increase in short interest suggests that investors are becoming more bearish on Marriott's stock. However, since the short interest is still below the peer average, the impact might be less severe. The market sentiment is likely to be cautious, potentially leading to a short-term price decline.
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