(PXD) - Analyzing Pioneer Natural Resources's Short Interest
Portfolio Pulse from Benzinga Insights
Pioneer Natural Resources's (NYSE:PXD) short percent of float has risen 7.43% since its last report, with 3.69 million shares sold short, which is 1.59% of all regular shares available for trading. It would take traders 2.19 days to cover their short positions on average. The company's short interest is less than most of its peers, with an average of 6.23%.
August 07, 2023 | 3:30 pm
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Pioneer Natural Resources's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than most of its peers.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, Pioneer Natural Resources's short interest is less than most of its peers, which could mean that it is less likely to experience a significant price drop in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100