(ATVI) - Analyzing Activision Blizzard's Short Interest
Portfolio Pulse from Benzinga Insights
Activision Blizzard's (NYSE:ATVI) short percent of float has risen 16.0% since its last report, with 11.31 million shares sold short, which is 1.45% of all regular shares available for trading. It would take traders 1.77 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.36%.
September 08, 2023 | 4:00 pm
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Activision Blizzard's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, Activision Blizzard's short interest is less than its peer group average, which could mean that it is less likely to experience a significant price drop compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100