Looking Into Diamondback Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Diamondback Energy's (NYSE:FANG) short percent of float has fallen 12.93% since its last report, with 4.39 million shares sold short, which is 2.76% of all regular shares available for trading. It would take traders 2.26 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 6.17% for its peer group.
July 20, 2023 | 2:45 pm
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NEUTRAL IMPACT
Diamondback Energy's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. However, this does not necessarily translate into an immediate increase in stock price. It's also worth noting that Diamondback Energy has less short interest than most of its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100