How Is The Market Feeling About Netflix?
Portfolio Pulse from Benzinga Insights
Netflix's short percent of float has decreased by 6.34% since its last report, with 8.40 million shares sold short, representing 1.92% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Netflix. Compared to its peers, Netflix has less short interest, with the average for its peer group being 8.10%.
September 11, 2023 | 5:15 pm
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Netflix's decrease in short interest could indicate a more bullish sentiment towards the stock. This, combined with the fact that it has less short interest than its peers, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock's price. Furthermore, having less short interest than its peers could make Netflix more attractive to investors.
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