(CHK) - Analyzing Chesapeake Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Chesapeake Energy (NYSE:CHK) has seen a 5.87% increase in its short percent of float, now at 14.8% of all regular shares available for trading. This is higher than the peer group average of 5.84%. It would take traders 13.85 days to cover their short positions.
July 31, 2024 | 6:15 pm
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Chesapeake Energy's short percent of float has increased by 5.87%, now at 14.8%, which is higher than its peers. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest suggests bearish sentiment among investors. However, the high short interest also means there is potential for a short squeeze if the stock price rises, forcing short sellers to cover their positions.
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