As of the close of business on Wednesday, 7/20, we captured the Top 10 Highest Short Interest % stocks within the Communication Services Sector.
The average short interest for stocks within the Communication Services sector stands at 3.31%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.
A narrative of consumers cutting the cord and choosing to get rid of cable television could be further supported in a new report from YouTube. The report shows that not only are cable companies losing subscribers, but virtual multichannel video providers are taking away market share.