How Is The Market Feeling About Warner Bros. Discovery?
Portfolio Pulse from Benzinga Insights
Warner Bros. Discovery's (NYSE:WBD) short percent of float has risen 7.02% since its last report, with 91.88 million shares sold short, which is 3.81% of all regular shares available for trading. It would take traders 7.59 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 8.04%.
September 14, 2023 | 6:00 pm
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Warner Bros. Discovery's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest indicates that traders are expecting the stock price to fall, which is a bearish signal. However, the fact that Warner Bros. Discovery has less short interest than most of its peers could mean that it is less likely to experience a significant price drop in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100