(FUBO) - Analyzing FuboTV's Short Interest
Portfolio Pulse from Benzinga Insights
FuboTV's short interest has decreased by 10.8%, with 15.2% of its shares sold short. This is higher than its peers' average of 4.62%. It would take 5.17 days to cover these positions. A decrease in short interest can indicate a more bullish sentiment.
August 22, 2024 | 6:00 pm
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FuboTV's short interest has decreased by 10.8%, now at 15.2% of float, which is higher than its peers' average of 4.62%. This decrease may indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that investors are becoming less bearish on FuboTV, which could lead to a positive impact on the stock price. The fact that FuboTV's short interest is still higher than its peers indicates that there is still significant bearish sentiment, but the reduction is a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100