Looking Into Trio Petroleum's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Trio Petroleum (NYSE:TPET) has seen a significant rise in short interest, with a 2578.95% increase since its last report. The company now has 3.29 million shares sold short, representing 10.18% of its float. This high short interest could indicate bearish sentiment among investors.
May 15, 2024 | 4:00 pm
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Trio Petroleum's short interest has surged by 2578.95%, now accounting for 10.18% of its float. This high level of short interest could indicate bearish sentiment among investors, potentially leading to increased volatility in the stock price.
The significant increase in short interest suggests that many investors are betting against the stock, which could lead to downward pressure on the stock price. However, it could also result in a short squeeze if the stock price rises unexpectedly.
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