Peering Into Electronic Arts's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Electronic Arts's (NYSE:EA) short percent of float has risen 3.1% since its last report, with 3.61 million shares sold short, which is 1.33% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Electronic Arts has less short interest as a percentage of float, which is 3.31% on average.
September 22, 2023 | 1:45 pm
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Electronic Arts's short interest has increased, indicating a bearish sentiment. However, its short interest is less than its peers' average, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment towards a stock. However, the fact that EA's short interest is less than its peers' average could mean that the market is less bearish on EA compared to its peers. This could potentially limit the downside risk for EA's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100