(E) - Analyzing Eni's Short Interest
Portfolio Pulse from Benzinga Insights
Eni's (NYSE:E) short percent of float has fallen 20.0% since its last report, with 696 thousand shares sold short, which is 0.04% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Eni. Compared to its peers, Eni has less short interest as a percentage of float, with an average of 1.72% for its peer group.
July 19, 2023 | 1:30 pm
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POSITIVE IMPACT
Eni's short interest has decreased, which could indicate a more bullish sentiment towards the company. This could potentially lead to an increase in the stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock price. Eni's short interest has decreased by 20.0%, which could indicate a more bullish sentiment towards the company.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100