Looking Into Spirit Airlines's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Spirit Airlines (NYSE:SAVE) has seen a 12.96% increase in short interest, with 32.85% of its float sold short. This is significantly higher than its peers' average of 9.93%. The high short interest could indicate bearish sentiment, but it also presents potential for a short squeeze.
October 23, 2024 | 6:45 pm
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Spirit Airlines has experienced a significant increase in short interest, now at 32.85% of its float, which is much higher than its peers. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest suggests that investors are bearish on Spirit Airlines, but the high percentage of shorted shares compared to peers could lead to a short squeeze if the stock price rises, forcing short sellers to cover their positions.
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