Peering Into Baker Hughes's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Baker Hughes's (NYSE:BKR) short percent of float has fallen 6.3% since its last report, with 14.91 million shares sold short, which is 2.23% of all regular shares available for trading. It would take traders 2.84 days to cover their short positions on average. Compared to its peers, Baker Hughes has less short interest as a percentage of float, with an average of 5.53%.
September 08, 2023 | 7:15 pm
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Baker Hughes's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal that investors have become more bullish towards a particular stock. However, this is not a definitive indicator of a stock price increase. Other factors such as company performance, market conditions, and overall economic health also play a significant role in determining stock price movements.
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