How Is The Market Feeling About Comcast?
Portfolio Pulse from Benzinga Insights
Comcast's (NYSE:CMCSA) short percent of float has fallen 7.41% since its last report, with 40.73 million shares sold short, which is 1.0% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Comcast. Compared to its peers, Comcast has less short interest as a percentage of float, with an average of 12.58%.
October 10, 2023 | 2:15 pm
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Comcast's short percent of float has decreased, indicating a more bullish sentiment. This could potentially lead to a positive impact on the stock's price in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a stock. This is because short selling is a practice where traders bet on a stock's price to fall. Therefore, a decrease in short interest could mean that fewer traders are expecting the stock's price to fall, which could potentially lead to a positive impact on the stock's price.
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