How Is The Market Feeling About Liberty Broadband?
Portfolio Pulse from Benzinga Insights
Liberty Broadband's (NYSE:LBRDA) short interest has decreased by 13.38%, now representing 1.36% of its float. This decline in short interest could indicate a more bullish sentiment towards LBRDA among traders. Compared to its peers, LBRDA has a significantly lower short interest percentage, with the average for its peer group being 7.93%.
March 20, 2024 | 3:15 pm
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Liberty Broadband's short interest has decreased, indicating a potential increase in bullish sentiment towards the stock.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. Given that Liberty Broadband's short interest is significantly lower than its peer average, this could suggest a stronger bullish sentiment towards LBRDA in comparison to its competitors. This optimism may lead to a short-term increase in the stock price.
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