Looking Into Wynn Resorts's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Wynn Resorts (NYSE:WYNN) has seen a 24.6% increase in its short percent of float, now at 3.9%. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 4.34%.
August 15, 2024 | 3:30 pm
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Wynn Resorts has experienced a 24.6% increase in short interest, now at 3.9% of its float. This suggests a rise in bearish sentiment, although its short interest remains below the peer average of 4.34%.
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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