Peering Into Comcast's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Comcast's short interest has risen by 15.91%, with 58.55 million shares sold short, representing 1.53% of its float. This is lower than the peer group average of 10.74%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
August 01, 2024 | 3:00 pm
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Comcast's short interest has increased by 15.91%, with 58.55 million shares sold short, representing 1.53% of its float. This is lower than the peer group average of 10.74%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
The increase in short interest suggests that more investors are betting against Comcast, which could indicate bearish sentiment. However, the short interest is still lower than the peer group average, and it doesn't necessarily mean the stock will fall in the near term.
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