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Entercom short interest skyrockets in 1st half of November

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Entercom short interest skyrockets in 1st half of November

Entercom Communications Corp. saw the biggest jump in short interest relative to shares outstanding among Kagan-covered media and entertainment companies between Oct. 31 and Nov. 15.

The company saw short interest rise 4,724 basis points to 81.36% of shares outstanding at the end of the period. The company also topped the list of most shorted media and entertainment companies during the period.

Meredith Corp. saw the steepest decrease in short interest relative to shares outstanding among Kagan-covered media and entertainment companies. The percentage of the company's shares held short relative to shares outstanding fell 220 basis points to 17.73% as of Nov. 15.

Kagan is a media research group within S&P Global Market Intelligence.

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