Looking Into Walt Disney's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Walt Disney's (NYSE:DIS) short interest has increased by 11.21% since the last report, with 23.53 million shares sold short, representing 1.29% of available shares. It would take about 2.02 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, Disney has a lower short interest as a percentage of float, with the peer group average at 7.74%.
December 15, 2023 | 6:00 pm
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NEUTRAL IMPACT
Walt Disney's short interest has increased, which may indicate bearish sentiment among investors. However, its short interest is still below the peer group average, suggesting less negative sentiment compared to its peers.
While the increase in short interest for Walt Disney suggests that some investors are expecting the price to fall, the fact that it is below the peer average indicates that the sentiment is not as bearish as it could be. The short-term impact on the stock price is uncertain, as short interest is just one of many factors that can affect stock prices.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80