(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 96.93% increase since the last report. The company now has 153 thousand shares sold short, representing 3.21% of its float. This is higher than the peer group average of 1.45%.
August 09, 2024 | 7:45 pm
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Indonesia Energy Corp (NYSE:INDO) has experienced a 96.93% increase in short interest, now at 3.21% of its float. This could indicate bearish sentiment among investors.
The significant rise in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100