How Is The Market Feeling About JetBlue Airways?
Portfolio Pulse from Benzinga Insights
JetBlue Airways (NYSE:JBLU) has seen a 9.42% decrease in its short percent of float, now at 25.88%. This indicates a potential shift in market sentiment as fewer shares are being shorted. Despite this, JetBlue still has a higher short interest compared to its peers, which average 10.89%.
October 09, 2024 | 7:15 pm
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JetBlue Airways has experienced a 9.42% decrease in short interest, now at 25.88% of float. This suggests a potential shift in market sentiment as fewer shares are being shorted, although the short interest remains higher than its peers.
The decrease in short interest suggests that traders are less bearish on JetBlue, which could lead to a positive short-term impact on the stock price. However, the short interest is still significantly higher than its peers, indicating ongoing market skepticism.
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