(CVX) - Analyzing Chevron's Short Interest
Portfolio Pulse from Benzinga Insights
Chevron's (NYSE:CVX) short percent of float has fallen 29.52% since its last report, with 14.02 million shares sold short, which is 0.74% 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, Chevron has less short interest as a percentage of float, with the average being 1.64%.
September 04, 2023 | 3:30 pm
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Chevron's decrease in short interest could indicate a more bullish sentiment towards the stock, potentially impacting its stock price positively in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock, which could lead to an increase in its price. Chevron's short interest has decreased, which could potentially lead to a positive impact on its stock price.
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IMPORTANCE 75
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