Looking Into Hess's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hess Corporation's (NYSE: HES) short interest has decreased by 9.03% since the last report, with 2.84 million shares sold short, representing 1.41% of available shares. The average time to cover these short positions is 1.0 day. This decline in short interest may indicate a more bullish sentiment among investors. Hess has a lower short interest compared to its peer group average of 6.33%.
November 14, 2023 | 5:45 pm
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Hess Corporation's short interest has decreased, which could suggest a more bullish sentiment from investors and potentially less downward pressure on the stock price in the short term.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to less selling pressure and potentially a rise in the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
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