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
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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.
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IMPORTANCE 75
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