(TELL) - Analyzing Tellurian's Short Interest
Portfolio Pulse from Benzinga Insights
Tellurian Inc. (NYSE:TELL) has seen a decrease in short interest, with the short percent of float dropping 4.36% since the last report. The company has 101.35 million shares sold short, representing 15.13% of its float. The current short interest is higher than the peer group average of 3.21%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.
January 22, 2024 | 6:45 pm
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Tellurian's short interest has decreased, which may suggest a more bullish market sentiment towards the stock. However, the high short interest compared to peers could still indicate skepticism among investors.
The decrease in short interest for Tellurian suggests that bearish sentiment may be waning, which could be positive for the stock price in the short term. However, the article indicates that this does not necessarily mean the stock will rise, and the short interest is still significantly higher than the peer average, which could limit upward price movement.
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