Looking Into BP's Recent Short Interest
Portfolio Pulse from Benzinga Insights
BP's short percent of float has risen 11.11% since its last report, with 5.80 million shares sold short, which is 0.2% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards BP, potentially signaling that investors have become more bearish. However, compared to its peers, BP has less short interest as a percentage of float, with an average of 3.83%.
July 07, 2023 | 1:16 pm
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BP's short interest has increased, potentially indicating a bearish sentiment among investors. However, compared to its peers, BP's short interest is lower.
The increase in short interest could indicate a bearish sentiment among investors, which could potentially lead to a decrease in BP's stock price. However, the fact that BP's short interest is lower than its peers could mitigate this potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100