How Is The Market Feeling About Activision Blizzard?
Portfolio Pulse from Benzinga Insights
Activision Blizzard's (NYSE:ATVI) short percent of float has fallen 19.27% since its last report, indicating a more bullish sentiment towards the stock. The company has 12.12 million shares sold short, which is 1.55% of all regular shares available for trading. Compared to its peers, Activision Blizzard has less short interest, with an average of 3.21% for its peer group.
August 08, 2023 | 1:30 pm
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The decrease in short interest for Activision Blizzard indicates a more bullish sentiment towards the stock, which could potentially lead to a rise in its stock price in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest, as seen with Activision Blizzard, signals that investors are becoming more bullish, which could potentially lead to a rise in the stock's price. Furthermore, compared to its peers, Activision Blizzard has less short interest, which further supports the bullish sentiment.
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