Looking Into Baker Hughes's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Baker Hughes (NYSE:BKR) has seen a 5.79% decrease in its short percent of float, now at 2.28%. This is lower than its peers' average of 8.19%. The decline in short interest suggests a more bullish sentiment among investors.
October 07, 2024 | 5:30 pm
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Baker Hughes has experienced a 5.79% decrease in short interest, now at 2.28% of float, indicating a potential bullish sentiment. This is lower than the peer average of 8.19%.
The decrease in short interest suggests that investors are less bearish on Baker Hughes compared to its peers, which could lead to a positive short-term impact on its stock price.
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