Looking Into FuboTV's Recent Short Interest
Portfolio Pulse from Benzinga Insights
FuboTV's short interest has decreased by 5.26%, with 21.06% of its float sold short. This is higher than the peer group average of 3.17%. It would take traders 4.16 days to cover their short positions.
June 06, 2024 | 1:15 pm
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FuboTV's short interest has decreased by 5.26%, now at 21.06% of its float. This is significantly higher than the peer group average of 3.17%. It would take traders 4.16 days to cover their short positions.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. However, the high percentage of float sold short compared to peers indicates that the stock is still under significant bearish pressure. The time to cover short positions is relatively short, which could lead to a short squeeze if positive news emerges.
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