How Is The Market Feeling About Netflix?
Portfolio Pulse from Benzinga Insights
Netflix's short interest has decreased by 8.11%, with 7.22 million shares sold short, representing 1.7% of its float. This is lower than the peer group average of 8.37%. The decrease in short interest may indicate a more bullish sentiment towards Netflix.
October 15, 2024 | 7:45 pm
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Netflix's short interest has decreased by 8.11%, with 7.22 million shares sold short, representing 1.7% of its float. This is lower than the peer group average of 8.37%. The decrease in short interest may indicate a more bullish sentiment towards Netflix.
The decrease in short interest suggests that fewer investors are betting against Netflix, which can be interpreted as a sign of increased confidence in the stock. Additionally, Netflix's short interest is significantly lower than its peers, which may further support a bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100