How Is The Market Feeling About PBF Energy?
Portfolio Pulse from Benzinga Insights
PBF Energy's (NYSE:PBF) short interest has decreased by 8.78% since the last report, with 10.74 million shares sold short, representing 12.36% of its float. The current short interest suggests a bearish sentiment, but the decrease indicates a potential shift towards bullishness. PBF Energy has a higher short interest compared to its peers, with an average of 8.07% in its peer group.
May 01, 2024 | 7:00 pm
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POSITIVE IMPACT
PBF Energy's short interest decrease suggests a potential shift towards bullish sentiment among investors, despite being higher than its peer average.
The decrease in short interest for PBF Energy indicates that fewer investors are betting on the stock's decline, which could lead to a positive shift in market sentiment towards the stock. However, the fact that PBF's short interest is still higher than its peer average suggests that caution is warranted. The decrease in short interest could lead to a short squeeze if the stock's price starts to rise, potentially driving the price up further in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100