(NWSA) - Analyzing News's Short Interest
Portfolio Pulse from Benzinga Insights
News Corp (NWSA) has seen a 35.94% increase in short interest, with 6.58 million shares sold short, representing 1.74% of its float. This is below the peer average of 3.43%. Short interest can indicate market sentiment, with increased shorting often seen as bearish.
October 11, 2024 | 6:30 pm
News sentiment analysis
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NEUTRAL IMPACT
News Corp's short interest has increased by 35.94%, with 6.58 million shares sold short, representing 1.74% of its float. This is lower than the peer average of 3.43%, indicating less bearish sentiment compared to peers.
The increase in short interest suggests a rise in bearish sentiment, but since NWSA's short interest is below the peer average, it may not be as significant. The market sentiment is mixed, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100