Shares of the renowned sports entertainment company World Wrestling Entertainment (WWE) have gained 33.2% over the past three months, 30.1% over the past six months, and 46.2% over the past year to close its last trading session at $91.26. Short interest on the stock has been elevated lately, buoyed by the speculation of acquisition talks, setting it up for sharp fluctuations in share prices.
Despite the possibility of another short squeeze, it could be wise to avoid this fundamentally weak entertainment stock. In this article, I have discussed several reasons why investing in this stock could be highly risky.
