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Entercom short interest plunges in late-November period

Entercom Communications Corp. saw the greatest drop in short interest relative to shares outstanding among Kagan-covered media and entertainment companies between Nov. 15 and Nov. 30.

The company saw short interest drop 7,526 basis points to 6.10% of shares outstanding at the end of the period.

Sinclair Broadcast Group Inc. posted the greatest rise in short interest relative to shares outstanding among Kagan-covered media and entertainment companies between Nov. 15 and Nov. 30. The company saw short interest rise 112 basis points to 20.14% of shares outstanding at the end of the period.

AMC Entertainment Holdings Inc. topped the list of most shorted media and entertainment companies during the period. The company saw short interest decline 418 basis points to 36.61% of shares outstanding.

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

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