Looking Into Cheniere Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cheniere Energy's (NYSE:LNG) short percent of float has risen 15.65% since its last report, with 3.17 million shares sold short, which is 1.33% of all regular shares available for trading. It would take traders 2.24 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.84%.
August 31, 2023 | 1:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Cheniere Energy's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
The increase in short interest indicates that traders are expecting the price of Cheniere Energy's stock to fall. However, the fact that its short interest is less than its peer group average could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100