Looking Into Hess's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hess's (NYSE:HES) short percent of float has risen 4.39% since its last report, with 4.30 million shares sold short, which is 2.14% of all regular shares available for trading. It would take traders 2.99 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Hess's peer group average for short interest as a percentage of float is 6.08%, which means the company has less short interest than most of its peers.
July 07, 2023 | 8:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Hess's short percent of float has risen 4.39% since its last report, indicating a more bearish sentiment among investors. However, the company has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting against Hess, which could put downward pressure on the stock price in the short term. However, the fact that Hess has less short interest than most of its peers could mean that the market sentiment towards Hess is less bearish compared to its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100