Looking Into Hess's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hess Corporation's (NYSE:HES) short percent of float has risen 11.65% since its last report, with 4.64 million shares sold short, representing 2.3% of all regular shares available for trading. It would take traders 2.6 days to cover their short positions on average. Hess's peer group average for short interest as a percentage of float is 5.69%.
May 22, 2023 | 4:31 pm
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NEUTRAL IMPACT
Hess Corporation's short interest has increased by 11.65%, with 4.64 million shares sold short. The company's short interest is lower than its peer group average of 5.69%.
The increase in short interest indicates that some investors are bearish on Hess Corporation. However, the company's short interest is still lower than its peer group average, which suggests that the market sentiment towards Hess is not as negative as it is for its peers. This could result in a neutral short-term impact on the stock price.
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