SIRI stock declines amid broader market rally and rising short interest

SIRI stock underperformed the broader market on December 19, trading at $20.80, a decline of 2.02%, despite the S&P 500 and Nasdaq rising on optimism regarding softer CPI data and potential rate cuts.

• Short interest rose 4.1% to 28.86 million shares, representing 13.96% of the float, signaling increased bearish sentiment.
• The underperformance occurred while the broader market rallied, with the S&P 500 gaining 0.87% and the Nasdaq climbing 0.94%.