Looking Into Netflix's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Netflix (NYSE:NFLX) has experienced a 15.1% increase in short interest since its last report, with 9.55 million shares sold short, representing 2.21% of its float. The short interest is below the peer group average of 7.24%. While high short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.
November 17, 2023 | 2:15 pm
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Netflix's short interest has increased, which may indicate bearish sentiment among investors. However, it remains below the peer average, suggesting less negative sentiment compared to its peers.
While the increase in short interest suggests that some investors are expecting the price of Netflix's stock to fall, the fact that it is below the peer group average could mitigate the impact. Additionally, high short interest does not always correlate with immediate price declines, and sometimes it can be a contrarian indicator.
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