How Is The Market Feeling About Exxon Mobil?
Portfolio Pulse from Benzinga Insights
Exxon Mobil's (NYSE:XOM) short percent of float has risen 3.57% since its last report, with 34.65 million shares sold short, which is 0.87% 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 1.62%, which means the company has less short interest than most of its peers.
September 11, 2023 | 5:15 pm
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Exxon Mobil's short percent of float has risen, indicating a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short interest indicates that investors are expecting the price of Exxon Mobil's stock to fall. However, the fact that the company 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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