Peering Into New Fortress Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
New Fortress Energy (NYSE:NFE) has seen a 9.68% increase in its short percent of float, now at 25.37%. This indicates a bearish sentiment among investors, as it would take traders 5.94 days to cover their short positions. NFE's short interest is significantly higher than its peers, whose average is 2.92%.
August 15, 2024 | 6:30 pm
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New Fortress Energy's short interest has increased by 9.68%, now at 25.37% of float. This suggests a bearish sentiment among investors, as it would take 5.94 days to cover short positions. NFE's short interest is significantly higher than its peers' average of 2.92%.
The significant increase in short interest indicates a bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term, especially given that NFE's short interest is much higher than its peers.
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