Looking Into Warner Bros. Discovery's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Warner Bros. Discovery's (NYSE:WBD) short percent of float has risen 6.04% since its last report, with 97.53 million shares sold short, which is 4.04% of all regular shares available for trading. It would take traders 3.36 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 7.03%.
October 02, 2023 | 5:45 pm
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Warner Bros. Discovery's short percent of float has increased, indicating a bearish sentiment among traders.
An increase in short interest indicates that more traders are betting that the stock's price will fall. This could put downward pressure on the stock in the short term, especially if the short interest continues to rise.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100