(LNG) - Analyzing Cheniere Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Cheniere Energy's (NYSE:LNG) short percent of float has fallen 14.89% since its last report, with 2.89 million shares sold short, which is 1.2% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Cheniere Energy has less short interest as a percentage of float, with an average of 3.39%.
July 20, 2023 | 2:30 pm
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Cheniere Energy's short interest has decreased, which could indicate a more bullish sentiment towards the stock. The company also has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, having less short interest compared to its peers could make Cheniere Energy more attractive to investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100