Warner Bros. Discovery, Inc. (NASDAQ:WBD) Short Interest Update

Warner Bros. Discovery, Inc. (NASDAQ:WBD) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 47,733,517 shares, a decline of 22.5% from the February 26th total of 61,625,649 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,609,709 shares, the days-to-cover ratio is presently 1.8 days.

Warner Bros. Discovery News Roundup

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: WBD formally set a Special Meeting for shareholders on April 23, 2026 at 10:00 a.m. ET to vote on the Paramount Skydance merger; the company has begun mailing the definitive proxy and the board unanimously recommends shareholders vote FOR the transaction. This official timetable and proxy distribution increases the odds of the deal closing if approvals follow. Warner Bros. Discovery Sets Shareholder Meeting Date of April 23, 2026 to Approve Transaction with Paramount Skydance
• Positive Sentiment: Major outlets report the deal size at roughly $110 billion and confirm the April 23 shareholder vote — higher clarity on price and timing reduces deal uncertainty that can weigh on the stock. Warner Bros shareholders to vote on $110 billion Paramount deal on April 23, WSJ reports
• Positive Sentiment: Netflix reportedly walked away from talks to acquire WBD, removing a potential competing bidder and making the Paramount transaction more likely to close without a higher offer — this supports the deal’s probability and reduces takeover speculation. Netflix Ends Warner Deal Talks To Focus On Core Growth Choices
• Neutral Sentiment: Local government steps are proceeding: the Los Angeles County Board of Supervisors greenlighted an economic analysis of the proposed merger, a routine but necessary part of assessing local impacts — not a direct blocker but part of the regulatory timeline. Los Angeles County Board of Supervisors Greenlights Economic Analysis of Paramount-WBD Merger
• Neutral Sentiment: Wide media coverage (MSN, Deadline, Hollywood Reporter) confirms the April 23 date and keeps investor focus on the vote; continued coverage can maintain trading volume and short‑term volatility until the meeting. Warner Bros. Discovery Sets Shareholder Vote On Sale To Paramount
• Negative Sentiment: Despite progress, the transaction remains large and subject to shareholder approval and potential regulatory and antitrust scrutiny — these are meaningful execution risks that could delay, change terms, or block the deal, which would weigh on the stock if they materialize. Warner Bros. Discovery Sets April 23 Vote on Paramount Mega Deal

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $27.07 on Friday. The firm has a 50-day simple moving average of $27.91 and a 200-day simple moving average of $24.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $67.13 billion, a price-to-earnings ratio of 93.35 and a beta of 1.60. Warner Bros. Discovery has a 52 week low of $7.52 and a 52 week high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The business’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. On average, equities analysts predict that Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Gunnar Wiedenfels sold 374,323 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $28.05, for a total transaction of $10,499,760.15. Following the completion of the transaction, the chief financial officer directly owned 663,380 shares of the company’s stock, valued at $18,607,809. This represents a 36.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gerhard Zeiler sold 600,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total value of $16,812,000.00. Following the transaction, the insider owned 672,649 shares in the company, valued at $18,847,624.98. This trade represents a 47.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,206,827 shares of company stock valued at $230,674,025. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Concord Wealth Partners boosted its stake in Warner Bros. Discovery by 49.9% during the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after buying an additional 440 shares during the last quarter. Swiss RE Ltd. acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter worth $26,000. Physician Wealth Advisors Inc. increased its stake in shares of Warner Bros. Discovery by 152.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after acquiring an additional 847 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new position in shares of Warner Bros. Discovery during the 4th quarter worth $29,000. Finally, MV Capital Management Inc. purchased a new position in shares of Warner Bros. Discovery during the 4th quarter worth $30,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. TD Cowen upped their price target on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. Sanford C. Bernstein raised their price target on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. UBS Group lifted their price objective on Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.30.

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.