EVC put-call ratio jumped to 0.28 on May 7. That's 3.5 standard deviations above its 20-day mean of 0.12 — the most bullish options positioning the stock has seen in over a year.
The context: Entravision Communications stock rallied 84% over one week. Earnings dropped on May 5, and the stock doubled the next day — up 101% on that single session.
Cost to borrow has more than doubled in a week. CTB hit 7.02% annually on May 7, up 111% week-on-week and up 439% over the past month from a low of 0.84%.
That move tracks the stock itself. As EVC surged, demand to borrow shares climbed with it. Availability remains loose — lending conditions are not yet tight — but the direction of travel is clear.
Short interest sits at just 0.69% of free float. That's a negligible level. Short sellers have not been a meaningful force here in either direction.
The ORTEX short score currently stands at 28.2, down from 29.1 last week. Shorts are not pressing this name.
Broadcasting peers diverged sharply this week. GTN fell 21.6% over the same seven-day window. SBGI and IHRT dropped 8.8% and 5% respectively. EVC's move is entirely company-specific, not a sector rotation.
See the live data behind this article on ORTEX.
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