(WBD) - Analyzing Warner Bros. Discovery's Short Interest
Portfolio Pulse from Benzinga Insights
Warner Bros. Discovery (NYSE:WBD) has seen a 5.7% increase in its short percent of float, now at 4.82%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 8.43%. It would take traders 4.79 days to cover their short positions.
October 29, 2024 | 5:15 pm
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Warner Bros. Discovery's short interest has increased by 5.7%, indicating a rise in bearish sentiment. However, its short interest remains below the peer average, suggesting less bearishness compared to peers.
The increase in short interest suggests that investors are becoming more bearish on Warner Bros. Discovery. However, since the short interest is still below the peer average, the bearish sentiment is not as strong as it could be. This could lead to downward pressure on the stock price in the short term.
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