(FANG) - Analyzing Diamondback Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Diamondback Energy's (NYSE:FANG) short percent of float has risen 3.95% since its last report, with 8.24 million shares sold short, which is 5.26% of all regular shares available for trading. It would take traders 3.81 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 6.62%.
October 20, 2023 | 4:00 pm
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Diamondback Energy's short interest has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, the fact that Diamondback Energy has less short interest than most of its peers could mean that it is less likely to experience a significant price drop.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100