(FANG) - Analyzing Diamondback Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Diamondback Energy's (NYSE:FANG) short percent of float has fallen 4.89% since its last report, with 7.93 million shares sold short, which is 5.06% of all regular shares available for trading. It would take traders 4.86 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 6.31%.
September 18, 2023 | 8:45 pm
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Diamondback Energy's short percent of float has decreased, indicating a potentially more bullish market sentiment towards the stock.
A decrease in short interest can signal that investors have become more bullish towards a particular stock. As Diamondback Energy's short percent of float has fallen, this could indicate a more positive market sentiment towards the stock, potentially leading to an increase in its price in the short term.
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