Looking Into Occidental Petroleum's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Occidental Petroleum's (NYSE:OXY) short percent of float has risen 6.07% since its last report, with 50.75 million shares sold short, which is 10.31% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. Compared to its peers, Occidental Petroleum has more short interest.
September 20, 2023 | 1:01 pm
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The increase in short interest in Occidental Petroleum indicates a bearish sentiment among investors, which could potentially lead to a decrease in the company's stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, which could potentially lead to a decrease in the company's stock price. Occidental Petroleum's short interest has risen 6.07%, indicating a bearish sentiment among investors.
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IMPORTANCE 75
RELEVANCE 100