Looking Into Comcast's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Comcast's (NASDAQ:CMCSA) short percent of float has fallen 3.09% since its last report, with 38.84 million shares sold short, which is 0.94% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Comcast has less short interest as a percentage of float, with an average of 13.83%.
June 29, 2023 | 4:00 pm
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Comcast's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company's short interest is also lower than its peers' average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, Comcast's short interest is lower than its peers' average, which could make it more attractive to investors.
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