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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100