(ET) - Analyzing Energy Transfer's Short Interest
Portfolio Pulse from Benzinga Insights
Energy Transfer's (NYSE:ET) short percent of float has risen 6.63% since its last report, with 49.80 million shares sold short, which is 1.77% of all regular shares available for trading. It would take traders 4.35 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 3.85%.
September 29, 2023 | 8:45 pm
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Increased short interest in Energy Transfer could indicate bearish market sentiment, but the company has less short interest than most of its peers.
Short interest is an indicator of market sentiment. An increase in short interest can signal that investors have become more bearish. However, Energy Transfer has less short interest than most of its peers, which could indicate less bearish sentiment towards the company compared to its peers.
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