Peering Into Hess's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hess's (NYSE:HES) short percent of float has fallen 23.36% since its last report, with 3.30 million shares sold short, which is 1.64% of all regular shares available for trading. It would take traders 1.7 days to cover their short positions on average. Hess's peer group average for short interest as a percentage of float is 6.22%, indicating less short interest for Hess than most of its peers.
July 24, 2023 | 2:01 pm
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Hess's short percent of float has decreased, indicating less short interest than most of its peers. This could signal a more bullish sentiment towards the stock.
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. As Hess's short percent of float has fallen 23.36% since its last report, this could indicate a more bullish sentiment towards the stock.
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