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Why Chevron’s Short Interest Has Fallen

Why Chevron’s Short Interest Has Fallen

Since October 1, short interest (the percentage of outstanding shares) in Chevron (CVX) has fallen marginally, from 0.92% to 0.91%. A fall in short interest usually indicates a rise in positive sentiment toward a stock. However, during the same period, Chevron’s stock price has fallen by 3.0%.