Looking Into Exxon Mobil's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Exxon Mobil's (NYSE:XOM) short percent of float has risen 9.23% since its last report, with 28.79 million shares sold short, which is 0.71% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Exxon Mobil's peer group average for short interest as a percentage of float is 1.66%, which means the company has less short interest than most of its peers.
August 04, 2023 | 2:13 pm
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Exxon Mobil's short interest has increased, indicating a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short interest indicates that more investors are betting against Exxon Mobil, which could put downward pressure on the stock. However, the fact that Exxon Mobil has less short interest than most of its peers could mitigate this effect to some extent.
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