How Is The Market Feeling About Shell?
Portfolio Pulse from Benzinga Insights
Shell's (NYSE:SHEL) short percent of float has risen 6.67% since its last report, with 5.42 million shares sold short, representing 0.16% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards Shell. However, compared to its peers, Shell has less short interest as a percentage of float, with an average of 1.73%.
July 10, 2023 | 5:45 pm
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Shell's short percent of float has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that traders are expecting the price of Shell's stock to fall. However, the fact that Shell has less short interest compared to its peers could mean that the market is less bearish on Shell than on other similar companies. This could potentially limit the downside risk for Shell's stock in the short term.
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