Peering Into Warner Bros. Discovery's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Warner Bros. Discovery's (NYSE:WBD) short percent of float has decreased by 9.16% since its last report, with 83.57 million shares sold short, representing 3.47% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Warner Bros. Discovery has less short interest, with the peer group average at 10.60%.
July 03, 2023 | 3:31 pm
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Decrease in short interest could indicate a more bullish sentiment towards Warner Bros. Discovery's stock. However, it doesn't guarantee a rise in stock price.
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 mean that the stock price will rise in the near term. It's also worth noting that compared to its peers, Warner Bros. Discovery has less short interest.
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