How Is The Market Feeling About Wynn Resorts?
Portfolio Pulse from Benzinga Insights
Wynn Resorts (NYSE:WYNN) has seen a 5.8% increase in its short percent of float, now at 4.56%. This indicates a bearish sentiment among investors, although its short interest is below the peer group average of 4.80%.
October 04, 2024 | 1:15 pm
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Wynn Resorts has experienced a 5.8% increase in short interest, now at 4.56% of float. This suggests a bearish sentiment, but its short interest is still below the peer average of 4.80%.
The increase in short interest suggests that investors are becoming more bearish on Wynn Resorts. However, since the short interest is still below the peer average, the impact might be less severe. The market sentiment is likely to be cautious, potentially leading to a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100