How Are Investors Currently Viewing Booking Holdings Inc?

Booking Holdings Inc: Recent Trends in Short Interest

Recently, the short interest for Booking Holdings Inc (NYSE: BKNG) has climbed by 21.62% since the previous update. Current exchange data shows that 725,000 shares are currently sold short, which accounts for 2.25% of the company’s available shares for trading. At the present trading volume, it would take traders an average of 2.46 days to cover all short positions.

Understanding Short Interest

Short interest refers to the total number of shares that have been borrowed and sold but not yet repurchased or closed. Short selling involves selling shares that the trader does not own, betting that the stock’s price will decline. If the stock price drops, the trader profits; if it rises, losses occur.

Monitoring short interest is valuable because it reflects investor sentiment toward a stock. A rising short interest typically indicates growing pessimism, while a decline suggests increasing optimism among investors.

Short Interest Trends for Booking Holdings Inc (Last 3 Months)

The chart above illustrates that the proportion of Booking Holdings Inc shares sold short has increased since the last report. While this does not guarantee an imminent decline in the stock’s price, it is important for traders to recognize the uptick in shorted shares.

How Booking Holdings Inc Compares to Its Peers

Analysts and investors often use peer comparisons to evaluate a company’s performance. Peers are companies with similar characteristics, such as industry, size, and financial structure. You can identify a company’s peer group by reviewing its 10-K, proxy statements, or conducting your own analysis.

According to Benzinga Pro, the average short interest as a percentage of float among Booking Holdings Inc’s peers is 8.65%. This means Booking Holdings Inc has a lower short interest compared to most companies in its peer group.