(INDO) - Analyzing Indonesia Energy Corp's Short Interest
Portfolio Pulse from Benzinga Insights
Indonesia Energy Corp (NYSE: INDO) has seen a significant rise in its short interest, with a 557.65% increase since its last report. The company now has 266 thousand shares sold short, representing 5.59% of its float. This is higher than the peer group average of 1.83%.
May 17, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Indonesia Energy Corp's short interest has surged by 557.65%, now at 5.59% of its float. This indicates increased bearish sentiment compared to its peers, whose average short interest is 1.83%.
The significant increase in short interest suggests that investors are becoming more bearish on Indonesia Energy Corp compared to its peers. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100