Looking Into Chevron's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chevron's (NYSE:CVX) short percent of float has risen 9.46% since its last report, with 15.44 million shares sold short, which is 0.81% 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, Chevron has less short interest as a percentage of float, with an average of 1.74%.
September 20, 2023 | 7:45 pm
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Chevron's short interest has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that traders are expecting the price of Chevron's stock to fall. However, compared to its peers, Chevron has less short interest, which could mean that the market sentiment towards Chevron is less bearish than towards its peers.
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