Peering Into Shell's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Shell's (NYSE:SHEL) short percent of float has decreased by 44.44% since its last report, with 3.44 million shares sold short, representing 0.1% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Shell. However, it does not necessarily mean that the stock will rise in the near term. Compared to its peers, Shell has less short interest as a percentage of float, with an average of 1.69% for its peer group.
August 15, 2023 | 7:15 pm
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NEUTRAL IMPACT
Shell's short interest has decreased significantly, which could indicate a more bullish sentiment towards the company. However, this does not guarantee a rise in the stock price in the near term.
A decrease in short interest usually indicates a more bullish sentiment towards a stock, as fewer traders are betting on the stock's price to fall. However, this does not necessarily mean that the stock price will rise in the near term, as other factors can also influence the stock price. Compared to its peers, Shell has less short interest, which could be seen as a positive sign. However, the overall impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100