Peering Into Indonesia Energy Corp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Indonesia Energy Corp (NYSE:INDO) has seen a rise in short interest, with 11.39% increase since the last report, now at 5.28% of float. This is higher than its peers' average of 1.44%. Short interest can indicate bearish sentiment but can also be bullish if it leads to a short squeeze.
October 09, 2024 | 8:15 pm
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Indonesia Energy Corp's short interest has increased by 11.39%, now at 5.28% of float, indicating higher bearish sentiment compared to peers. This could lead to a short squeeze if the stock price rises.
The increase in short interest suggests bearish sentiment, but the potential for a short squeeze exists if the stock price rises, as traders may rush to cover their positions.
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