(TTWO) - Analyzing Take-Two Interactive's Short Interest
Portfolio Pulse from Benzinga Insights
Take-Two Interactive (NYSE:TTWO) has seen a 6.67% increase in short interest since the last report, with 4.83 million shares sold short, representing 3.2% of available shares. It would take about 4.24 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, TTWO has a lower short interest percentage of float, with the peer group average at 3.47%.
December 15, 2023 | 8:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Take-Two Interactive'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 bearish sentiment compared to its peers.
The increase in short interest for TTWO suggests that some investors are expecting the price to fall, which could lead to negative pressure on the stock price in the short term. However, since the short interest is below the peer average, this may not be a strong bearish signal. The impact on the stock price is uncertain as short interest is just one of many factors that can affect stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100