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Wall Street traders show their hands with bets on Warner Bros. Discovery-Netflix deal
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New York Post
Wall Street traders are now betting that Warner Bros.
For much of the year, the media giant known as WBD had seen increase in its short interest – or bets that its stock will fall.
Short interest continued to shrink as both companies said they had regulatory issues under control, S3 data shows.
Now, short interest is just 3% of the so-called float, or outstanding tradable shares, down from 6% in July.
Getty ImagesDoes that mean this deal is done and the lack of short interest is 100% predicative of this outcome?