(EQNR) - Analyzing Equinor's Short Interest
Portfolio Pulse from Benzinga Insights
Equinor's (NYSE:EQNR) short percent of float has risen 11.76% since its last report, with 5.80 million shares sold short, which is 0.19% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Equinor has less short interest as a percentage of float, which is 1.72% on average.
September 08, 2023 | 4:45 pm
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Equinor's short interest has increased, indicating a bearish sentiment among investors. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that Equinor's stock price will fall. This could put downward pressure on the stock in the short term. However, the fact that Equinor has less short interest compared to its peers could mitigate this effect to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100