Peering Into Take-Two Interactive's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Take-Two Interactive's (NYSE:TTWO) short percent of float has risen 6.8% since its last report, with 5.57 million shares sold short, which is 3.3% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.
July 20, 2023 | 5:45 pm
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Increased short interest in Take-Two Interactive could indicate bearish sentiment among traders. However, it's worth noting that increased short interest can sometimes be bullish for a stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, expecting the stock's price to fall. However, if the stock's price doesn't fall as expected, short sellers may be forced to buy back the shares at a higher price to cover their positions, which can drive the price up. This is known as a short squeeze.
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