(CMCSA) - Analyzing Comcast's Short Interest
Portfolio Pulse from Benzinga Insights
Comcast's (NYSE:CMCSA) short percent of float has risen 16.13% since its last report, with 44.12 million shares sold short, which is 1.08% of all regular shares available for trading. It would take traders 3.0 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Comcast's peer group average for short interest as a percentage of float is 12.55%, which means the company has less short interest than most of its peers.
September 21, 2023 | 2:15 pm
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Comcast's short interest has increased, indicating a bearish sentiment among investors. However, compared to its peers, Comcast has less short interest.
An increase in short interest usually indicates a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, the fact that Comcast has less short interest than most of its peers could mitigate this effect to some extent.
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