How Is The Market Feeling About Celanese?
Portfolio Pulse from Benzinga Insights
Celanese (NYSE:CE) has seen a decrease in short interest, with 4.94 million shares sold short, representing 6.88% of its float. This is a decline of 7.03% from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook compared to the peer group average of 3.93% short interest. The coverage time for short positions is approximately 7.75 days based on trading volume.
April 12, 2024 | 4:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Celanese's decrease in short interest suggests a more bullish sentiment among investors, potentially leading to positive short-term price movement.
A decrease in short interest typically indicates that investors are less bearish on the stock, expecting fewer people betting on its decline. This can lead to a positive perception and potentially an increase in stock price in the short term, especially when compared to a higher peer group average.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90