Peering Into Walt Disney's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Walt Disney's (NYSE:DIS) short interest has decreased by 4.95%, with 17.68 million shares sold short, representing 0.96% of its float. This decrease in short interest could indicate a more bullish sentiment towards DIS among traders. Compared to its peers, DIS has a significantly lower short interest percentage of float, with an average of 8.02% among its peers.
March 05, 2024 | 5:00 pm
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Walt Disney's short interest has decreased, indicating a potentially more bullish sentiment among traders.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Walt Disney, this decrease could reduce selling pressure and potentially lead to a short-term increase in stock price, especially since it's significantly lower than its peer average.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90