How Is The Market Feeling About Ecopetrol?
Portfolio Pulse from Benzinga Insights
Ecopetrol's (NYSE:EC) short percent of float has risen 6.25% since its last report, with 6.95 million shares sold short, which is 0.34% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Ecopetrol has less short interest as a percentage of float, which is 1.81% on average.
September 14, 2023 | 1:01 pm
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Ecopetrol's short percent of float has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in short percent of float indicates that more traders are betting on the stock's price to fall, which is a bearish signal. However, compared to its peers, Ecopetrol has less short interest, which could mean that it is less likely to experience a significant price drop.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100