How Is The Market Feeling About Comcast?
Portfolio Pulse from Benzinga Insights
Comcast's (NYSE:CMCSA) short percent of float has risen 6.9% since its last report, with 38.14 million shares sold short, which is 0.93% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Comcast has less short interest as a percentage of float, with an average of 12.34%.
September 04, 2023 | 6:45 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 compared to its peers.
The increase in short interest indicates that more investors are betting against Comcast, which could put downward pressure on the stock price in the short term. However, the fact that Comcast's short interest is less than its peers could indicate that it is less likely to experience a significant drop in price compared to other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100