How Is The Market Feeling About Celanese?
Portfolio Pulse from Benzinga Insights
Celanese (NYSE:CE) has seen a decrease in short interest, with 5.58 million shares sold short, representing 5.85% of available shares. This marks a 3.78% decline in short interest since the last report. The current short interest suggests a more bullish market sentiment compared to the peer group average of 3.65%. Short interest is a key indicator of market sentiment, and a decrease can imply a positive outlook for the stock.
March 08, 2024 | 4:45 pm
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Celanese has experienced a decrease in short interest, indicating a potentially more bullish sentiment among investors compared to its peers.
The decrease in short interest for Celanese suggests that fewer investors are betting against the stock, which can be interpreted as a positive sentiment towards the company's future performance. Given that short interest is a contrarian indicator, this reduction could lead to a short-term positive impact on the stock price as it indicates a more bullish outlook among traders and investors.
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