) as short-sellers up their bets on weaker energy prices, according to a monthly report by data and tech firm Hazeltree.
While the oil company has occupied second place in the last three months, April saw a jump of over $500 million worth of Chevron’s total stock used for shorting, to about 9% from the previous month’s roughly 7%. However, Chevron’s shares gained 1.38% in April, which added around $5 billion to its total market value, according to LSEG Datastream. A short position is a bet that a company’s stock price will fall.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »