(MGM) - Analyzing MGM Resorts Intl's Short Interest
Portfolio Pulse from Benzinga Insights
MGM Resorts Intl's short interest has increased by 59.01%, with 17.67 million shares sold short, representing 7.68% of its float. This is higher than its peers' average of 4.43%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 18, 2024 | 8:01 pm
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MGM Resorts Intl's short interest has surged by 59.01%, with 17.67 million shares shorted, making up 7.68% of its float. This is significantly higher than the peer average of 4.43%, indicating increased bearish sentiment.
The significant increase in short interest suggests that investors are more bearish on MGM compared to its peers. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100