Peering Into Walt Disney's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Walt Disney's (NYSE:DIS) short interest has decreased by 4.24% since the last report, with 20.21 million shares sold short, representing 1.13% of available shares. The average time to cover these short positions is 1.9 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, Disney has a lower short interest percentage of float, with the peer group average at 7.30%.
November 21, 2023 | 3:30 pm
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POSITIVE IMPACT
Walt Disney's short interest has decreased, which may suggest a more bullish market sentiment and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which can lead to a positive impact on the stock price in the short term. However, short interest is just one of many factors that can affect stock prices, so while the decrease is a positive sign, it does not guarantee an increase in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100