Looking Into Wynn Resorts's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Wynn Resorts (NYSE:WYNN) has seen a decrease in short interest, with the short percent of float falling 3.5% to 4.41%. This indicates a reduction in bearish sentiment among traders. The current short interest stands at 4.96 million shares, requiring approximately 2.69 days for traders to cover their short positions. This change in short interest is compared against its peers, where Wynn Resorts has a higher short interest than the average of 3.85%.
March 07, 2024 | 4:30 pm
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Wynn Resorts has experienced a decrease in short interest, indicating a potential reduction in bearish sentiment among traders. This could suggest a more positive outlook for the stock in the short term.
A decrease in short interest typically indicates that traders are less bearish on a stock, which can lead to a more positive sentiment and potentially an increase in stock price in the short term. Given that Wynn Resorts has a higher short interest than its peers but has seen a significant decrease, this could be interpreted as a bullish signal for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90