(EOG) - Analyzing EOG Resources's Short Interest
Portfolio Pulse from Benzinga Insights
EOG Resources's short percent of float has fallen 7.19% since its last report, with 7.51 million shares sold short, which is 1.29% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards EOG. Compared to its peers, EOG has less short interest as a percentage of float, with an average of 6.11%.
July 07, 2023 | 3:16 pm
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Decrease in short interest could indicate a more bullish sentiment towards EOG Resources. The company's short interest is also lower than its peers' average.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could potentially lead to an increase in the stock's price. EOG's lower short interest compared to its peers could also be seen as a positive sign by investors.
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