(PARA) - Analyzing Paramount Global's Short Interest
Portfolio Pulse from Benzinga Insights
Paramount Global's (NYSE:PARA) short interest has decreased by 11.04% since the last report, with 70.59 million shares sold short, representing 12.25% of the float. It would take about 3.82 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment among investors. Paramount has a higher short interest than its peer group average of 5.07%.
January 24, 2024 | 5:00 pm
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Paramount Global's short interest has decreased, which may suggest a more bullish sentiment among investors 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 could lead to a decrease in selling pressure and potentially result in a short-term increase in the stock price. However, the impact may be moderated by overall market conditions and other company-specific news.
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