Peering Into ChampionX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ChampionX (NYSE:CHX) has seen a decrease in short interest, now at 5.38% of float, lower than its peer group average of 6.88%. The short interest fell 9.73% since the last report, with 7.81 million shares sold short. It would take about 6.94 days to cover all short positions, indicating a potential shift in market sentiment towards the stock.
April 22, 2024 | 6:15 pm
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ChampionX's short interest has decreased, indicating a potential shift in market sentiment towards the stock.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For ChampionX, this reduction in short interest could suggest that market sentiment is improving, potentially leading to a short-term increase in stock price as investors cover their short positions.
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