Short sellers up bets against cinema chain, other communication services stocks – S&P Global

Short sellers are increasing their bets against cinema chains and other communication services stocks, according to S&P Global. This means that investors are wagering on these companies’ stock prices falling in the near future. Short selling involves borrowing shares of a stock and selling them in the hopes of buying them back at a lower price later, thereby profiting from the difference.

The cinema industry has been hit hard by the COVID-19 pandemic, with many theaters closing their doors or operating at reduced capacity. This has led to a decrease in revenue for these companies, making them attractive targets for short sellers.

Similarly, communication services stocks have also faced challenges in recent times. The shift towards online streaming services and other forms of digital communication has put pressure on traditional communication companies. Short sellers are betting that these companies will continue to struggle in the face of changing consumer preferences.

Overall, short sellers are taking a bearish view on cinema chains and communication services stocks, anticipating further declines in their stock prices. This trend reflects the uncertain future facing these industries and the challenges they must overcome to stay competitive in today’s rapidly evolving market.