How Is The Market Feeling About EQT?
Portfolio Pulse from Benzinga Insights
EQT Corporation's (NYSE:EQT) short interest has increased by 43.19% since the last report, with 20.96 million shares sold short, representing 6.2% of its float. This indicates a bearish market sentiment towards EQT, although it has less short interest compared to its peers' average of 6.67%. The rise in short interest suggests caution but does not necessarily predict a near-term price drop.
April 03, 2024 | 6:00 pm
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EQT Corporation's short interest has significantly increased, indicating a bearish market sentiment but remains below its peer average.
The substantial rise in short interest for EQT suggests that investors are becoming more bearish on the stock. This could lead to increased selling pressure in the short term. However, since EQT's short interest is still below the peer group average, this might mitigate some of the negative impact. The analysis is based on the reported increase in short interest and its comparison with peer averages, indicating a cautious but not necessarily dire outlook for EQT's stock price in the short term.
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IMPORTANCE 75
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