How Is The Market Feeling About Take-Two Interactive?
Portfolio Pulse from Benzinga Insights
Take-Two Interactive (NYSE:TTWO) has seen a rise in its short percent of float by 4.29%, with 7.19 million shares sold short, representing 4.62% of its float. This indicates increased bearish sentiment compared to its peers, whose average short interest is 4.20%.
October 07, 2024 | 8:00 pm
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Take-Two Interactive's short interest has increased to 4.62% of its float, indicating a rise in bearish sentiment. This is higher than the peer average of 4.20%, suggesting that investors are more pessimistic about TTWO compared to its peers.
The increase in short interest suggests that investors are expecting the stock price to fall, which is a bearish signal. The fact that TTWO's short interest is higher than its peers further emphasizes this sentiment. However, short interest alone does not guarantee a price drop, but it is a critical indicator of market sentiment.
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