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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100