Peering Into Dorian LPG's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dorian LPG (NYSE:LPG) has seen a decrease in short interest by 18.05% since the last report, with 1.74 million shares sold short, representing 6.04% of its float. The average time to cover these short positions is 2.63 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Dorian LPG has a higher short interest compared to its peer group average of 3.12%.
January 22, 2024 | 3:00 pm
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Dorian LPG's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this is not a definitive indicator of an imminent price increase.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a potential increase in its price. However, the impact on the stock price is not certain and depends on broader market conditions and company performance.
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