How Is The Market Feeling About Hess?
Portfolio Pulse from Benzinga Insights
Hess (NYSE:HES) has seen a 14.07% decrease in its short percent of float, now at 2.32%. This is lower than its peers' average of 5.74%. The reduced short interest may indicate a more bullish sentiment towards Hess.
August 30, 2024 | 8:00 pm
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Hess's short interest has decreased by 14.07%, now at 2.32%, which is below the peer average of 5.74%. This reduction in short interest may suggest a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Hess, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that Hess's short interest is below the peer average, indicating relatively stronger market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100