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Traders are betting billions against Disney

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Disney‘s stock has had a rough time lately, falling 4.4% in a single day earlier this month after CEO Bob Iger threw cold water on the company’s 2017 profit outlook.

And traders don’t look like they’ll ease up on selling any time soon.

Short interest — a measure of wagers that share prices will drop — now sits at more than $2.7 billion after surging by $696 million in the last month alone, according to data analytics firm S3 Partners. That increase was the fifth-largest out of any American company read more >>>

Source:: BusinessInsider.Com

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