Peering Into Chunghwa Telecom's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chunghwa Telecom (NYSE:CHT) has seen a 20% decrease in short interest since its last report, with 289 thousand shares sold short, representing 0.04% of its float. The average time to cover these short positions is 2.72 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on CHT. Compared to its peers, CHT has a lower short interest as a percentage of float, which is 2.21% on average.
December 20, 2023 | 5:47 pm
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Chunghwa Telecom's short interest has decreased, suggesting a more bullish sentiment among investors. The stock may see less downward pressure from short selling.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can reduce the likelihood of downward pressure from short selling. However, short interest is just one of many factors that can affect stock price, and the article does not suggest an immediate price increase.
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