Peering Into Southwestern Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Southwestern Energy (NYSE:SWN) has seen a 7.03% increase in short interest since its last report, with 32.75 million shares sold short, representing 3.35% of its float. The short interest now takes approximately 1.0 trading day to cover. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Compared to its peers, SWN has a lower short interest as a percentage of float, with the peer group average at 6.08%.
January 30, 2024 | 8:45 pm
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NEUTRAL IMPACT
Southwestern Energy's short interest has increased, which may indicate bearish sentiment among investors. However, its short interest is below the peer group average, suggesting less bearish sentiment compared to peers.
The increase in short interest suggests that some investors are expecting the price of SWN to fall, which could lead to negative pressure on the stock price in the short term. However, the fact that SWN's short interest is below its peer group average and the coverage time is short (1 day) may mitigate the impact. The article does not provide any specific negative information about the company that would justify a strong bearish outlook.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100