Is Sirius XM Stock Too Boring to Hate in 2020?
There was a time when Sirius XM Holdings (NASDAQ: SIRI) was a hotly contested battleground stock, but these days there seems to be an unspoken truce between the bulls and the bears. Sirius XM's slowing organic revenue gains have scared away high-octane growth investors. while the stock has consistently traded above $5 since the springtime of 2017, sending penny stock speculators elsewhere.
The worrywarts have also moved on. There were a little more than 185 million shares sold short at the end of last month, Sirius XM's lowest short interest in six months. With Sirius XM steady, profitable, and working on an impressive 11-year streak of positive returns, the satellite-radio provider doesn't appear ready for a massive drop.
So it's boring for the bulls and equally boring for the bears. But that doesn't mean it should be dull for you.
Source Fool.com
