Charter Communications most shorted S&P 500 communications stock in November; Alphabet least shorted
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
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Short Selling Trends: In November, short selling against communication services stocks increased, with Charter Communications being the most shorted at 11.91% of shares float, while Alphabet had the least short interest at 0.57%.
Sector Performance: The communications services sector has seen a nearly 41% rise this year, outperforming the broader market's 27% increase, with wireless telecommunications and media stocks having the highest short interests in the sector.
Analyst Views on XLC
Wall Street analysts forecast XLC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 114.630
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Current: 114.630
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
