Peering Into Equinor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Equinor's (NYSE:EQNR) short percent of float has risen 17.65% since its last report, with 6.35 million shares sold short, which is 0.2% of all regular shares available for trading. It would take traders 2.78 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Equinor's peer group average for short interest as a percentage of float is 1.73%, which means the company has less short interest than most of its peers.
July 26, 2023 | 2:45 pm
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Equinor's short percent of float has risen 17.65%, indicating a potential bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short percent of float indicates that more investors are betting against Equinor, which could put downward pressure on the stock price in the short term. However, the company's lower short interest compared to its peers could mitigate this effect.
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