(NFLX) - Analyzing Netflix's Short Interest
Portfolio Pulse from Benzinga Insights
Netflix's (NFLX) short interest has decreased by 3.86% since the last report, with 9.65 million shares sold short, representing 2.24% of available shares. The short interest is below the peer group average of 7.45%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.
January 03, 2024 | 1:15 pm
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Netflix's short interest has decreased, which may indicate a more bullish sentiment among investors. However, this does not guarantee a near-term price increase.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a positive sentiment and potentially drive the price up in the short term. However, the impact on the stock price is not certain and depends on broader market conditions and company performance.
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