Looking Into ConocoPhillips's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ConocoPhillips's (NYSE:COP) short percent of float has fallen 10.87% since its last report, with 9.93 million shares sold short, which is 0.82% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, ConocoPhillips has less short interest as a percentage of float.
July 06, 2023 | 4:31 pm
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Decrease in short interest could indicate a more bullish sentiment towards ConocoPhillips, potentially impacting its stock price positively.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, potentially leading to an increase in the stock price. Compared to its peers, ConocoPhillips has less short interest, which could be seen as a positive sign by investors.
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