(LUV) - Analyzing Southwest Airlines's Short Interest
Portfolio Pulse from Benzinga Insights
Southwest Airlines (NYSE:LUV) has seen a 7.09% decrease in its short percent of float, now at 9.04%. This is lower than the peer group average of 11.83%. It would take traders 6.15 days to cover short positions. A decrease in short interest can indicate a more bullish sentiment.
October 29, 2024 | 6:00 pm
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Southwest Airlines has experienced a 7.09% decrease in short interest, now at 9.04%, which is below the peer average of 11.83%. This could indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Southwest Airlines, which can be interpreted as a sign of increased confidence in the stock. Additionally, the short interest is below the peer average, further indicating a relatively positive sentiment.
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IMPORTANCE 80
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