How Is The Market Feeling About News?
Portfolio Pulse from Benzinga Insights
News Corp (NYSE:NWSA) has seen a 5.79% increase in its short percent of float, now at 1.28% of available shares. This indicates a rise in bearish sentiment, although it remains below the peer average of 4.19%.
September 25, 2024 | 4:30 pm
News sentiment analysis
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News Corp's short interest has increased by 5.79%, now at 1.28% of float, indicating a rise in bearish sentiment. However, it remains below the peer average of 4.19%.
The increase in short interest suggests that investors are becoming more bearish on News Corp, which could lead to downward pressure on the stock price. However, since the short interest is still below the peer average, the impact may be moderated.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100