(WYNN) - Analyzing Wynn Resorts's Short Interest
Portfolio Pulse from Benzinga Insights
Wynn Resorts (NYSE:WYNN) has seen a 20.16% increase in its short percent of float since the last report, with 4.98 million shares sold short, representing 4.47% of its available trading shares. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. Wynn Resorts has a lower short interest compared to its peer group average of 4.72%.
May 01, 2024 | 5:00 pm
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Wynn Resorts has experienced a significant increase in short interest, suggesting a bearish outlook from the market. However, it remains below its peer group average, indicating a relatively stronger position.
The increase in short interest for Wynn Resorts suggests that investors are becoming more bearish on the stock, potentially leading to increased selling pressure. However, being below the peer average could mitigate some negative perceptions, making the impact on the stock price nuanced.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90