Moody's Corporation (NYSE: MCO) has experienced a significant 14.78% increase in short interest, with 2.03 million shares now sold short, representing 1.32% of the available float. This uptick suggests a growing bearish sentiment among some investors regarding the company's near-term stock performance. Based on current trading volumes, it would take approximately 2.04 days for traders to cover these short positions. This development comes as the company's stock has shown signs of underperformance relative to the broader market over the past year. Despite a recent dip, analysts maintain a consensus "Moderate Buy" rating on the stock, with 11 out of 23 analysts holding "Strong Buy" ratings. The increase in short interest indicates that while Wall Street remains generally positive, a segment of the market is betting against the stock, creating a more complex investor outlook.
Moody's Sees 14.78% Rise in Short Interest Amidst Market Scrutiny
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