(BKR) - Analyzing Baker Hughes's Short Interest
Portfolio Pulse from Benzinga Insights
Baker Hughes (NYSE:BKR) has seen a 10.66% decrease in its short interest, now at 2.18% of its float. This is lower than its peers' average of 7.12%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 23, 2024 | 2:00 pm
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Baker Hughes has experienced a 10.66% decrease in short interest, now at 2.18% of its float, which is below the peer average of 7.12%. This could suggest a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Baker Hughes, which could indicate a shift towards a more positive market sentiment. Additionally, the short interest is significantly lower than the peer average, further supporting a potential bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100