(CHTR) - Analyzing Charter Communications's Short Interest
Portfolio Pulse from Benzinga Insights
Charter Communications' (NASDAQ:CHTR) short percent of float has fallen 3.67% since its last report, with 8.61 million shares sold short, which is 8.4% of all regular shares available for trading. It would take traders 8.2 days to cover their short positions on average. The company's short interest is less than its peer group average of 12.77%.
June 29, 2023 | 4:00 pm
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Charter Communications' short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. However, this does not necessarily translate into an immediate increase in stock price. Other factors such as company performance, market conditions, and overall investor sentiment also play a role.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100