Looking Into EOG Resources's Recent Short Interest
Portfolio Pulse from Benzinga Insights
EOG Resources's short percent of float has risen 11.02% since its last report, with 7.63 million shares sold short, which is 1.31% of all regular shares available for trading. It would take traders 2.86 days to cover their short positions on average. The increase in short interest can signal that investors have become more bearish. However, EOG Resources's peer group average for short interest as a percentage of float is 6.79%, which means the company has less short interest than most of its peers.
October 10, 2023 | 4:45 pm
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EOG Resources's short interest has increased, indicating a potentially bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in EOG Resources's short interest indicates that investors may be expecting the stock price to fall. However, the fact that it has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it might seem. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100