Peering Into Hess's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hess Corporation's (NYSE:HES) short interest has decreased by 18.87% since the last report, with 5.19 million shares sold short, representing 2.58% of its float. The current short interest suggests a bullish sentiment among investors, as it is lower than the peer group average of 6.83%. The decrease in short interest indicates fewer traders are betting against the stock, which could influence its short-term price movement.
April 02, 2024 | 7:15 pm
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Hess Corporation's short interest has significantly decreased, indicating a more bullish sentiment among investors compared to its peers.
The decrease in short interest for Hess Corporation suggests that fewer traders are betting against the stock, which could reduce selling pressure and potentially lead to a short-term increase in its stock price. This is especially relevant given that Hess's short interest is significantly below the peer group average, indicating a more favorable market sentiment towards HES compared to its competitors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90