(PBF) - Analyzing PBF Energy's Short Interest
Portfolio Pulse from Benzinga Insights
PBF Energy's short interest has risen by 3.9%, with 12.8% of its float sold short. This is higher than its peers' average of 7.95%. It would take traders 6.5 days to cover their short positions.
June 14, 2024 | 6:00 pm
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NEGATIVE IMPACT
PBF Energy's short interest has increased to 12.8%, significantly higher than its peers' average of 7.95%. This could indicate bearish sentiment among investors.
The increase in short interest to 12.8% suggests that more investors are betting against PBF Energy compared to its peers. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100