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Has Short Interest in Shell Fallen ahead of Q2 Earnings?

Has Short Interest in Shell Fallen ahead of Q2 Earnings?

Short interest in Royal Dutch Shell (RDS.A), expressed as a percentage of outstanding shares, has fallen from 0.11% on June 6 to the current level of 0.09%. Usually, everything else being equal, a decline in short interest could indicate a decrease in bearish sentiment for a stock. Also, during this period of falling short interest, Shell’s stock price rose 0.5%.