Looking Into News's Recent Short Interest
Portfolio Pulse from Benzinga Insights
News Corp's (NYSE:NWSA) short interest has decreased by 8.73% since the last report, with 8.68 million shares sold short, representing 2.3% of its float. The current short interest is below the peer group average of 4.05%. This change in short interest could indicate a shift in market sentiment towards NWSA, potentially impacting its stock price in the short term.
February 19, 2024 | 7:15 pm
News sentiment analysis
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News Corp's short interest has decreased, indicating a potential shift in market sentiment towards the stock. This could influence NWSA's stock price positively in the short term.
A decrease in short interest typically suggests that investors are becoming more bullish on a stock, as fewer traders are betting on its price decline. For NWSA, this reduction in short interest compared to its peers could make it more attractive to investors, potentially leading to a short-term increase in its stock price.
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IMPORTANCE 70
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