Looking Into Cheniere Energy Partners's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cheniere Energy Partners's (NYSE:CQP) short percent of float has risen 3.23% since its last report, with 1.14 million shares sold short, which is 2.88% of all regular shares available for trading. It would take traders 6.3 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.67%.
September 06, 2023 | 1:00 pm
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Cheniere Energy Partners's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock price will fall. This can create a bearish sentiment around the stock. However, the fact that Cheniere's short interest is less than its peer group average could mean that it is not as heavily shorted as other similar companies, which could limit the potential downside.
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