(NFE) - Analyzing New Fortress Energy's Short Interest
Portfolio Pulse from Benzinga Insights
New Fortress Energy (NYSE:NFE) has seen a 39.61% decrease in its short percent of float, now at 19.85%. This is significantly higher than its peers' average of 4.33%. The decrease in short interest may indicate a shift in market sentiment.
October 11, 2024 | 6:15 pm
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New Fortress Energy's short interest has decreased by 39.61%, now at 19.85% of float, indicating a potential shift in market sentiment. This level is still higher than its peers' average of 4.33%.
The significant decrease in short interest suggests a potential shift towards a more bullish sentiment among investors. However, the short interest remains high compared to peers, indicating ongoing bearish sentiment. This mixed signal could lead to increased volatility in the short term.
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