(BP) - Analyzing BP's Short Interest
Portfolio Pulse from Benzinga Insights
BP's short percent of float has risen 11.76% since its last report, with 5.40 million shares sold short, which is 0.19% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards BP, potentially signaling that investors have become more bearish. However, BP's short interest as a percentage of float is less than its peer group average of 3.39%.
September 15, 2023 | 2:00 pm
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BP's short interest has increased, potentially indicating a bearish sentiment among investors. However, compared to its peers, BP's short interest is lower.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, BP's short interest is lower than its peer group average, which could mitigate some of the potential negative impact.
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