(EA) - Analyzing Electronic Arts's Short Interest
Portfolio Pulse from Benzinga Insights
Electronic Arts's (NYSE:EA) short percent of float has risen 6.02% since its last report, with 3.81 million shares sold short, which is 1.41% of all regular shares available for trading. It would take traders 1.33 days to cover their short positions on average. The company's short interest is less than most of its peers, with an average of 3.77%.
October 24, 2023 | 2:45 pm
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Electronic Arts's short percent of float has increased, indicating a bearish sentiment among traders. However, its short interest is less than most of its peers.
An increase in short interest indicates that traders expect the stock price to fall. However, the fact that EA's short interest is less than most of its peers could mean that the bearish sentiment is not as strong for EA as it is for other companies in the same industry.
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