(FTI) - Analyzing TechnipFMC's Short Interest
Portfolio Pulse from Benzinga Insights
TechnipFMC's short interest has decreased by 4.44%, with 7.31 million shares sold short, representing 1.72% of its float. This is lower than its peers' average short interest of 8.01%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 12, 2024 | 1:15 pm
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TechnipFMC's short interest has decreased by 4.44%, with 7.31 million shares sold short, representing 1.72% of its float. This is lower than its peers' average short interest of 8.01%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against TechnipFMC, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that its short interest is significantly lower than the peer average, potentially making the stock more attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100