(XOM) - Analyzing Exxon Mobil's Short Interest
Portfolio Pulse from Benzinga Insights
Exxon Mobil's (NYSE:XOM) short percent of float has risen 16.67% since its last report, with 44.59 million shares sold short, which is 1.12% of all regular shares available for trading. It would take traders 2.6 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average at 1.53%.
September 27, 2023 | 4:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Exxon Mobil's short interest has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
The increase in short interest indicates that traders are expecting the price of Exxon Mobil's stock to fall. However, the fact that it has less short interest than most of its peers could mean that it is less likely to experience a significant price drop compared to other companies in its peer group.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100