How Is The Market Feeling About TotalEnergies?
Portfolio Pulse from Benzinga Insights
TotalEnergies's (NYSE:TTE) short percent of float has risen 8.33% since its last report, with 3.08 million shares sold short, which is 0.13% of all regular shares available for trading. It would take traders 2.98 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, TotalEnergies's peer group average for short interest as a percentage of float is 1.74%, which means the company has less short interest than most of its peers.
August 04, 2023 | 2:19 pm
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TotalEnergies's short percent of float has risen, indicating a potential bearish sentiment. However, compared to its peers, the company has less short interest.
The increase in TotalEnergies's short percent of float could indicate a bearish sentiment among investors, potentially leading to a decrease in the stock price. However, the fact that the company has less short interest than most of its peers could mitigate this effect.
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