(SHEL) - Analyzing Shell's Short Interest
Portfolio Pulse from Benzinga Insights
Shell's (NYSE:SHEL) short percent of float has risen 26.09% since its last report, with 9.55 million shares sold short, which is 0.29% of all regular shares available for trading. It would take traders 2.12 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Shell's peer group average for short interest as a percentage of float is 1.63%, which means the company has less short interest than most of its peers.
October 02, 2023 | 6:15 pm
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Shell's short percent of float has increased, indicating a potential bearish sentiment among investors.
An increase in short interest can indicate a bearish sentiment among investors. As the short percent of float for Shell has risen, it suggests that investors are expecting the price to fall. However, compared to its peers, Shell has less short interest, which could potentially mitigate the bearish sentiment.
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