Looking Into Baker Hughes's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Baker Hughes's (NYSE:BKR) short percent of float has fallen 7.75% since its last report, with 15.96 million shares sold short, which is 2.38% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Baker Hughes has less short interest as a percentage of float, with an average of 5.72%.
August 22, 2023 | 4:45 pm
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Baker Hughes's short interest has decreased, which could indicate a more bullish sentiment towards the stock. The company's short interest is also lower than its peers' average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Baker Hughes's short interest is lower than its peers' average, could potentially lead to an increase in the stock's price in the short term.
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IMPORTANCE 75
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