How Is The Market Feeling About Moodys?
Portfolio Pulse from Benzinga Insights
Moody's (NYSE:MCO) has seen a rise in its short percent of float by 11.24%, with 1.55 million shares sold short, representing 0.99% of its float. This increase in short interest suggests a more bearish sentiment among investors, although it remains below the peer group average of 3.44%.
September 12, 2024 | 1:45 pm
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Moody's short interest has increased by 11.24%, indicating a more bearish sentiment among investors. However, its short interest remains below the peer average, suggesting less bearishness compared to peers.
The increase in short interest by 11.24% suggests that investors are becoming more bearish on Moody's. However, since the short interest is still below the peer average, the bearish sentiment is not as strong compared to its peers. This could lead to short-term downward pressure on the stock price.
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