Looking Into Comcast's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Comcast's (NYSE:CMCSA) short percent of float has risen 3.61% since its last report, with 35.72 million shares sold short, which is 0.86% of all regular shares available for trading. It would take traders 2.46 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Comcast's peer group average for short interest as a percentage of float is 13.13%, which means the company has less short interest than most of its peers.
August 04, 2023 | 1:34 pm
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Comcast's short percent of float has increased, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment among investors, as they expect the stock price to fall. However, the fact that Comcast has less short interest than most of its peers could mean that it is less likely to experience a significant price drop due to short selling. Therefore, the impact on the stock price in the short term is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100