Peering Into Energy Transfer's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Energy Transfer (NYSE:ET) has seen a significant decrease in short interest, with a 34.81% drop since the last report. The current short interest stands at 35.82 million shares, or 1.18% of float, with a short-covering time of 3.19 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the company's peers, which have an average short interest of 3.47% of float.
January 16, 2024 | 8:15 pm
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POSITIVE IMPACT
Energy Transfer's short interest has significantly decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a positive impact on the stock price in the short term. Since Energy Transfer has a lower short interest compared to its peers, this might attract positive attention from investors and analysts, potentially leading to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100