Looking Into FuboTV's Recent Short Interest
Portfolio Pulse from Benzinga Insights
FuboTV's (NYSE:FUBO) short interest has increased by 5.76% since the last report, with 63.66 million shares sold short, representing 21.86% of its float. This indicates a bearish market sentiment towards FUBO, as it takes traders approximately 4.17 days to cover their short positions. Comparatively, FuboTV's short interest is significantly higher than its peer group average of 3.39%.
April 01, 2024 | 2:00 pm
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NEGATIVE IMPACT
FuboTV's short interest has risen to 21.86% of its float, indicating a bearish market sentiment and a higher short interest compared to its peers.
The increase in short interest suggests that investors are becoming more bearish on FUBO. This could lead to increased selling pressure and potentially lower stock prices in the short term. The comparison with its peers further highlights the negative sentiment towards FUBO, as its short interest significantly exceeds the peer group average.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100