(BP) - Analyzing BP's Short Interest
Portfolio Pulse from Benzinga Insights
BP's short percent of float has decreased by 18.18% since its last report, with 5.17 million shares sold short, representing 0.18% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards BP. Compared to its peers, BP has less short interest as a percentage of float, with an average of 3.31%.
August 08, 2023 | 5:45 pm
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BP's decrease in short interest could indicate a more bullish sentiment towards the company's stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest often indicates a more bullish sentiment, which could potentially lead to an increase in the stock's price. Given that BP's short interest has decreased and is lower than its peer group average, this could potentially be bullish for the stock.
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