Peering Into EQT's Recent Short Interest
Portfolio Pulse from Benzinga Insights
EQT's short interest has risen by 14.73%, with 40.11 million shares sold short, representing 11.84% of its float. This is higher than the peer group average of 6.50%. It would take traders 5.03 days to cover their short positions.
July 16, 2024 | 6:45 pm
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NEGATIVE IMPACT
EQT's short interest has increased significantly, indicating bearish sentiment among investors. The short interest is now 11.84% of the float, higher than the peer average of 6.50%.
The significant increase in short interest suggests that investors are bearish on EQT's stock. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100