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 fallen 9.02% since its last report, with 84.99 million shares sold short, which is 3.53% of all regular shares available for trading. It would take traders 5.42 days to cover their short positions on average. The company's short interest is less than its peer group average of 10.55%.
July 28, 2023 | 5:30 pm
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Warner Bros. Discovery's 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 a measure of market sentiment towards a particular stock. A decrease in short interest can signal that investors have become more bullish. However, this does not necessarily translate into an immediate increase in the stock price, as other factors such as company performance, market conditions, and broader economic trends also influence stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100