Looking Into Chord Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chord Energy (NYSE:CHRD) has seen a decrease in short interest, with the short percent of float dropping by 5.91% since the last report. The company has 1.70 million shares sold short, representing 4.14% of available shares. The current short interest is below the peer group average of 6.37%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.
January 01, 2024 | 7:30 pm
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Chord Energy's short interest has decreased, which may suggest a more bullish sentiment from the market. However, this does not guarantee an immediate increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a potential increase in price. However, the impact on the stock price is not immediate and can be influenced by various other market factors.
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