Peering Into Baker Hughes's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Baker Hughes (NYSE:BKR) has seen an 8.07% increase in its short percent of float since the last report, with 24.77 million shares sold short, representing 3.75% of its available trading shares. It would take about 3.07 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards BKR, although it has less short interest compared to its peers' average of 8.02%.
April 11, 2024 | 3:45 pm
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Baker Hughes has experienced an increase in short interest, indicating a bearish market sentiment but remains below its peer group average.
The increase in short interest for Baker Hughes suggests that investors are becoming more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, being below the peer average might mitigate some negative perceptions, indicating a nuanced market view.
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