How Is The Market Feeling About Exxon Mobil?
Portfolio Pulse from Benzinga Insights
Exxon Mobil's (NYSE:XOM) short percent of float has fallen 23.53% since its last report, indicating a decrease in bearish sentiment. The company has 26.41 million shares sold short, which is 0.65% of all regular shares available for trading. Compared to its peers, Exxon Mobil has less short interest as a percentage of float, which is 1.63% on average.
July 18, 2023 | 1:30 pm
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Exxon Mobil's decreased short percent of float suggests less bearish sentiment towards the stock. This could potentially lead to a more stable or positive price movement in the short term.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest, as seen with Exxon Mobil, can signal that investors have become more bullish, potentially leading to a more stable or positive price movement in the short term.
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