How Is The Market Feeling About EQT?
Portfolio Pulse from Benzinga Insights
EQT Corporation's (NYSE:EQT) short interest has decreased by 4.59%, now standing at 14.09 million shares or 4.37% of its float. This decline suggests a more bullish sentiment among investors compared to the last report. With a trading volume that would require approximately 2.86 days to cover short positions, EQT's short interest is below its peer group average of 6.30%, indicating less bearish sentiment towards EQT compared to its peers.
February 15, 2024 | 7:45 pm
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EQT Corporation's short interest has decreased, indicating a potentially more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more bullish on a stock. For EQT, this decrease places it below the peer group average, potentially indicating stronger confidence in EQT's performance relative to its peers. This could lead to a short-term positive impact on EQT's stock price as investor sentiment improves.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90