Looking Into Sunoco's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sunoco's short interest has decreased by 4.82%, with 850,000 shares sold short, representing 0.79% of its float. This is lower than its peers' average short interest of 7.28%. The decrease in short interest may indicate a more bullish sentiment towards Sunoco.
October 01, 2024 | 6:45 pm
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Sunoco's short interest has decreased by 4.82%, with 850,000 shares sold short, representing 0.79% of its float. This is lower than its peers' average short interest of 7.28%. The decrease in short interest may indicate a more bullish sentiment towards Sunoco.
The decrease in short interest suggests that fewer investors are betting against Sunoco, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that Sunoco's short interest is significantly lower than its peers, potentially making it more attractive to investors.
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