How Is The Market Feeling About PENN Entertainment?
Portfolio Pulse from Benzinga Insights
PENN Entertainment's short interest has decreased by 8.03%, with 16.49% of its float sold short. This is higher than its peers' average of 3.96%. The decrease in short interest may indicate a shift in market sentiment towards a more bullish outlook.
September 06, 2024 | 2:00 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 suggest a more bullish sentiment among investors, although it remains higher than the peer average of 3.96%.
The decrease in short interest suggests that fewer investors are betting against PENN, which could indicate a more positive outlook. However, the short interest is still significantly higher than its peers, which may continue to exert some downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100