(NXST) - Analyzing Nexstar Media Gr's Short Interest
Portfolio Pulse from Benzinga Insights
Nexstar Media Group (NYSE:NXST) has seen a 4.35% increase in its short percent of float, now at 7.67%. This indicates a rise in bearish sentiment, although it is still below the peer group average of 9.68%. It would take traders 7.63 days to cover their short positions.
August 05, 2024 | 7:15 pm
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Nexstar Media Group's short interest has increased by 4.35%, now at 7.67% of the float. This suggests a rise in bearish sentiment, though it remains below the peer average of 9.68%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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