How Is The Market Feeling About Baker Hughes?
Portfolio Pulse from Benzinga Insights
Baker Hughes's (NYSE:BKR) short percent of float has fallen 4.9% since its last report, indicating a decrease in bearish sentiment. The company has 15.66 million shares sold short, which is 2.33% of all regular shares available for trading. Compared to its peers, Baker Hughes has less short interest as a percentage of float, with an average of 6.10%.
July 17, 2023 | 2:30 pm
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The decrease in short interest for Baker Hughes indicates a less bearish sentiment towards the company's stock. This could potentially lead to a more stable or positive price movement in the short term.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest indicates that fewer traders are betting on the stock's price to fall, which could suggest a more positive outlook for the stock. Given that Baker Hughes's short interest has decreased and is lower than its peers, this could potentially lead to a more stable or positive price movement in the short term.
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IMPORTANCE 70
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