Peering Into PENN Entertainment's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PENN Entertainment's short interest has fallen by 8.03%, with 22.23 million shares sold short, representing 16.49% of its float. This decline in short interest may indicate a shift in market sentiment towards a more bullish outlook. Comparatively, PENN has a higher short interest than its peers, whose average is 3.82%.
August 12, 2024 | 8:00 pm
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PENN Entertainment's short interest has decreased by 8.03%, now at 16.49% of its float. This reduction may indicate a shift towards a more bullish market sentiment.
The decrease in short interest suggests that fewer investors are betting against PENN Entertainment, which could be interpreted as a positive signal for the stock. This change in sentiment may lead to a short-term price increase.
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