(SHEL) - Analyzing Shell's Short Interest
Portfolio Pulse from Benzinga Insights
Shell's (NYSE:SHEL) short percent of float has risen 90.0% since its last report, with 6.15 million shares sold short, which is 0.19% of all regular shares available for trading. It would take traders 1.38 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Shell's peer group average for short interest as a percentage of float is 1.72%, which means the company has less short interest than most of its peers.
September 08, 2023 | 2:30 pm
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Shell's short percent of float has risen 90.0% since its last report, indicating a bearish sentiment among investors. However, compared to its peers, Shell has less short interest.
The increase in short interest indicates that more investors are betting that Shell's stock price will fall. This could put downward pressure on the stock in the short term. However, the fact that Shell has less short interest than its peers could mean that it is less likely to experience a significant drop in price compared to other companies in its industry.
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