Peering Into Chord Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chord Energy's (NYSE:CHRD) short interest has risen by 22.15%, with 4.22 million shares sold short, representing 8.05% of its float. This is higher than its peers' average short interest of 6.59%. Increased short interest can indicate bearish sentiment but can also be a bullish signal if traders cover their positions.
July 15, 2024 | 6:00 pm
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Chord Energy's short interest has increased by 22.15%, now at 8.05% of its float, which is higher than its peers' average. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest suggests that more investors are betting against Chord Energy, which could indicate bearish sentiment. However, if the stock price rises, it could lead to a short squeeze, driving the price up further.
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