Peering Into Charter Communications's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Charter Communications (NYSE:CHTR) has seen a 7.14% rise in short percent of float since its last report, with 8.84 million shares sold short, representing 8.7% of all regular shares available for trading. This could indicate a bearish market sentiment towards the stock. However, compared to its peers, Charter Communications has less short interest, with the peer group average at 11.23%.
September 12, 2023 | 1:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Increased short interest in Charter Communications could indicate a bearish sentiment, potentially impacting the stock price in the short term.
Short interest is a measure of market sentiment. The increase in short interest for Charter Communications suggests that traders expect the stock price to fall. However, it's worth noting that Charter's short interest is less than its peer group average, which could mitigate some of the potential downward pressure.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100