Looking Into Electronic Arts's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Electronic Arts (NYSE:EA) has seen a decrease in short interest, with the current level at 2.84 million shares or 1.06% of float. This represents a 5.36% decline since the last report and requires 1.67 days to cover based on average trading volume. The decrease in short interest may indicate a more bullish sentiment among investors compared to the peer group average of 3.85% short interest as a percentage of float.
November 13, 2023 | 6:30 pm
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Electronic Arts's short interest has decreased, suggesting a more bullish sentiment among investors. With a lower short interest compared to its peers, EA may see less downward pressure from short sellers.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to less selling pressure and potentially a rise in the stock price in the short term. However, short interest is just one of many factors that can affect stock prices.
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