Looking Into Cheniere Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cheniere Energy's (NYSE:LNG) short percent of float has risen 12.5% since its last report, with 3.27 million shares sold short, which is 1.35% of all regular shares available for trading. It would take traders 2.56 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Cheniere Energy's peer group average for short interest as a percentage of float is 3.62%, which means the company has less short interest than most of its peers.
August 08, 2023 | 5:30 pm
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Cheniere Energy's short percent of float has risen 12.5%, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, the fact that Cheniere Energy has less short interest than most of its peers could mitigate this effect.
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