Looking Into Charter Communications's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Charter Communications (NYSE:CHTR) has seen a 13.56% increase in its short percent of float since the last report, with 11.41 million shares sold short, representing 11.64% of available shares. It would take about 8.73 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards CHTR, although it's higher than its peer group average of 9.12% short interest as a percentage of float.
April 30, 2024 | 3:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Charter Communications has experienced a significant increase in short interest, indicating a bearish sentiment but also potential for a short squeeze.
The increase in short interest for CHTR suggests a bearish sentiment among investors, which could lead to increased volatility. However, high short interest can also lead to a short squeeze if the stock price starts to rise, potentially causing rapid price increases. The comparison with peers indicates CHTR is more heavily shorted, adding to the potential for volatility.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90