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 by 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's short interest is less than its peer group average of 7.37%.
October 18, 2023 | 1:00 pm
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Warner Bros. Discovery's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average, suggesting it may be performing better than similar companies.
An increase in short interest indicates that more traders are betting that the company's stock price will fall. This can create a bearish sentiment around the stock. However, Warner Bros. Discovery's short interest is less than its peer group average, which could suggest that it is performing better than similar companies in the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100