How Is The Market Feeling About Shell?
Portfolio Pulse from Benzinga Insights
Shell's (NYSE:SHEL) short percent of float has fallen 5.26% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 6.07 million shares sold short, which is 0.18% of all regular shares available for trading. Compared to its peers, Shell has less short interest as a percentage of float, with an average of 1.74%.
July 27, 2023 | 5:45 pm
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Decrease in short interest indicates less bearish sentiment towards Shell, which could potentially lead to a rise in its stock price 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 bullish sentiment and potentially lead to a rise in the stock price. Compared to its peers, Shell has less short interest, which could be a positive sign for the company.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100