How Is The Market Feeling About EOG Resources?
Portfolio Pulse from Benzinga Insights
EOG Resources's (NYSE:EOG) short percent of float has fallen 14.49% since its last report, with 6.88 million shares sold short, which is 1.18% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards EOG. Compared to its peers, EOG has less short interest as a percentage of float, with an average of 6.48%.
September 21, 2023 | 1:45 pm
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EOG Resources has seen a 14.49% decrease in short interest, potentially indicating a more bullish sentiment towards the stock. It also has less short interest compared to its peers.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can indicate a more bullish sentiment towards a stock, as it suggests fewer investors are betting on the stock's price to fall. EOG's decrease in short interest, coupled with its lower short interest compared to peers, could potentially indicate a more positive market sentiment towards the stock, which could positively impact its price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100