Market News / Story
Shorting airlines is really a bet on oil, S3 says
Seeking Alpha ·
Seeking Alpha reports: Short interest in five U.S. airlines has been in a broad uptrend this year as their stocks have moved opposite to oil since the Iran war began in February, according to S3 Partners Director of Research Leon Gross. Average short interest in the airline group rose from 8% to 13% of float, S3 said. JetBlue Airways went from 20% to 29%, the largest increase in percentage points. Short interest in American Airlines and Alaska Air doubled, to 14% and 10%. S3 said that makes…