Netflix (NFLX) Rises into Q4 Report; Short Interest Remains Elevated
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Netflix, Inc. (Nasdaq: NFLX) shares are ramping into the close Wednesday ahead of the company's fourth-quarter earnings report, expected out after markets close.
As a reminder, about 13.16 million Netflix shares are being held short, of about 24.4 percent of total outstanding. That's down nearly seven percent from the middle to end of December, but might provide a nice pop on a beat.
Also of note, Netflix is approaching a near-term resistance level at $105, though $5 increments above that level might be key as welll.
Netflix closed up just under six percent higher.
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As a reminder, about 13.16 million Netflix shares are being held short, of about 24.4 percent of total outstanding. That's down nearly seven percent from the middle to end of December, but might provide a nice pop on a beat.
Also of note, Netflix is approaching a near-term resistance level at $105, though $5 increments above that level might be key as welll.
Netflix closed up just under six percent higher.
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