Wynn Resorts, Limited (NASDAQ:WYNN) Sees Large Growth in Short Interest

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Wynn Resorts (NASDAQ: WYNN) experienced a significant 20% increase in short interest in March, reaching 6,833,602 shares, representing about 6.6% of its stock. This rise suggests increased bearish sentiment towards the casino operator, with a days-to-cover ratio of 2.7 days based on average trading volume. Despite missing analyst EPS estimates in its last quarterly report, the company’s revenue slightly exceeded expectations, and analysts maintain a consensus “Moderate Buy” rating with a target price of $138.87.

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