Peering Into Cheniere Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cheniere Energy's (NYSE:LNG) short percent of float has risen 24.78% since its last report, with 3.41 million shares sold short, which is 1.41% of all regular shares available for trading. It would take traders 2.2 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Cheniere Energy's peer group average for short interest as a percentage of float is 3.56%, which means the company has less short interest than most of its peers.
June 28, 2023 | 1:00 pm
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Cheniere Energy's short percent of float has increased, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting that Cheniere Energy's stock price will fall. However, compared to its peers, the company has less short interest, which could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
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IMPORTANCE 75
RELEVANCE 100