(MRO) - Analyzing Marathon Oil's Short Interest
Portfolio Pulse from Benzinga Insights
Marathon Oil's (NYSE:MRO) short percent of float has fallen 12.32% since its last report, with 9.81 million shares sold short, which is 1.85% of all regular shares available for trading. It would take traders 1.0 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 6.43%.
August 29, 2023 | 5:01 pm
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Marathon Oil's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, potentially leading to an increase in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100