(DIS) - Analyzing Walt Disney's Short Interest
Portfolio Pulse from Benzinga Insights
Walt Disney's (NYSE:DIS) short interest has decreased by 6.2%, with 22.13 million shares sold short, representing 1.21% of available shares. The average time to cover these short positions is 1.85 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, DIS has a lower short interest percentage of float, with the peer group average at 7.51%.
January 05, 2024 | 1:30 pm
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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 a stock, which can lead to an increase in its price as short sellers cover their positions. However, short interest is just one of many factors that can affect stock prices, and there is no guarantee that the price will rise solely based on this information.
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