Looking Into Chunghwa Telecom's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chunghwa Telecom's (NYSE:CHT) short percent of float has decreased by 20.0% since its last report, with 277 thousand shares currently sold short. This represents 0.04% of all regular shares available for trading. The average time to cover these short positions, based on trading volume, is 2.57 days. The company's short interest is lower than the average of its peer group, which stands at 2.36%.
September 22, 2023 | 3:30 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Chunghwa Telecom's short interest has decreased, indicating a potentially more bullish market sentiment towards the company's stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are becoming more bullish on the stock. However, other factors also influence stock prices, so this does not guarantee a price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100