Peering Into TotalEnergies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
TotalEnergies's (NYSE:TTE) short percent of float has risen 7.69% since its last report, with 3.29 million shares sold short, which is 0.14% of all regular shares available for trading. It would take traders 2.58 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. TotalEnergies's peer group average for short interest as a percentage of float is 1.73%, which means the company has less short interest than most of its peers.
August 31, 2023 | 6:30 pm
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TotalEnergies's short percent of float has risen 7.69%, indicating a potential bearish sentiment among investors. However, the company has less short interest than most of its peers.
The increase in TotalEnergies's short percent of float indicates that more investors are betting on the stock's price to fall, which could put downward pressure on the stock in the short term. However, the company's short interest is less than its peers, which could mitigate some of this pressure.
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