(LBRDA) - Analyzing Liberty Broadband's Short Interest
Portfolio Pulse from Benzinga Insights
Liberty Broadband's (NYSE:LBRDA) short interest has decreased by 7.22%, now representing 0.9% of its float with 148 thousand shares sold short. This decline in short interest, taking 1.43 days on average to cover, may indicate a more bullish sentiment towards LBRDA compared to its peers, where the average short interest is 10.65%.
April 26, 2024 | 6:45 pm
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The decrease in short interest for Liberty Broadband suggests a potential increase in bullish sentiment among investors, possibly leading to a positive short-term impact on its stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, potentially leading to an increase in its price. Given that LBRDA's short interest is significantly below its peer group average, this could be interpreted as a stronger bullish sentiment towards the stock, suggesting a positive short-term price movement.
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