Peering Into News's Recent Short Interest
Portfolio Pulse from Benzinga Insights
News Corp's (NYSE:NWSA) short interest has decreased by 6.58%, now standing at 8.57 million shares or 2.27% of its float. This decline suggests a more bullish sentiment among investors compared to its peers, with the industry average at 4.35%. The coverage period for short positions is approximately 3.62 days based on current trading volumes.
April 25, 2024 | 1:00 pm
News sentiment analysis
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News Corp's short interest decrease suggests a bullish sentiment among investors, potentially leading to a positive short-term price movement.
A decrease in short interest typically indicates that investors are less bearish on a stock, expecting its price to rise. For NWSA, this decrease places it below the industry average for short interest, suggesting a stronger bullish sentiment compared to its peers. This could lead to positive price momentum in the short term as the market reacts to this sentiment shift.
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