How Is The Market Feeling About Exxon Mobil?
Portfolio Pulse from Benzinga Insights
Exxon Mobil's (NYSE:XOM) short percent of float has risen 18.31% since its last report, with 33.53 million shares sold short, which is 0.84% 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 1.59%, which means the company has less short interest than most of its peers.
August 24, 2023 | 7:00 pm
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Exxon Mobil's short percent of float has risen 18.31%, indicating a bearish sentiment. However, it has less short interest than most of its peers.
The increase in short interest indicates that investors are expecting the price of Exxon Mobil's stock to fall. However, the fact that Exxon Mobil has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it seems.
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IMPORTANCE 75
RELEVANCE 100