Peering Into EQT's Recent Short Interest
Portfolio Pulse from Benzinga Insights
EQT Corporation's (NYSE:EQT) short interest has increased by 20.32% since the last report, with 25.22 million shares sold short, representing 7.46% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 7.02%. The coverage time for these short positions is approximately 3.71 days based on current trading volumes.
May 06, 2024 | 4:45 pm
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EQT Corporation's short interest has significantly increased, indicating a bearish sentiment among investors. This could lead to increased volatility in the short term.
The increase in short interest suggests that investors are betting against EQT, which could lead to downward pressure on the stock price in the short term. However, high short interest can also lead to a short squeeze if the stock moves positively, causing rapid price increases.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100