Looking Into Paramount Global's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Paramount Global's short interest has increased by 6.22%, with 9.91% of its float sold short. This is higher than its peers' average of 8.99%. It would take 7.2 days to cover these positions based on current trading volume.
October 03, 2024 | 8:30 pm
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Paramount Global's short interest has increased to 9.91% of its float, indicating a bearish sentiment among investors. This is higher than the peer average of 8.99%.
The increase in short interest to 9.91% suggests that investors are becoming more bearish on Paramount Global compared to its peers, which have an average short interest of 8.99%. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100