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Why Short Interest in CVX Has Fallen ahead of Earnings

Why Short Interest in CVX Has Fallen ahead of Earnings

Chevron (CVX) has seen a fall in its short interest (as a percentage of outstanding shares) by 0.2 percentage points at the end of March to the current level of 1.1%. This fall implies that bearish sentiment in the stock has decreased. Over the same period, Chevron stock has risen 6.4%.