Looking Into Hasbro's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hasbro's short interest has risen by 18.83%, with 7.95% of its float sold short. This is higher than its peers' average. Increased short interest can indicate bearish sentiment but can also be bullish if short sellers are forced to cover.
June 24, 2024 | 5:15 pm
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Hasbro's short interest has increased by 18.83%, now at 7.95% of its float. This is higher than the peer group average of 7.94%. Increased short interest can indicate bearish sentiment but also potential bullish moves if short sellers cover their positions.
The increase in short interest suggests that more investors are betting against Hasbro, which could indicate bearish sentiment. However, if the stock price rises, short sellers may be forced to cover their positions, potentially driving the price up. This creates a neutral short-term outlook as the stock could move in either direction based on market reactions.
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