(PXD) - Analyzing Pioneer Natural Resources's Short Interest
Portfolio Pulse from Benzinga Insights
Pioneer Natural Resources (NYSE:PXD) has seen a 13.95% increase in short interest since its last report, with 3.41 million shares sold short, representing 1.47% of its float. The short interest ratio is 1.07 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. PXD's short interest is below its peer group average of 6.03%.
November 10, 2023 | 3:30 pm
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Pioneer Natural Resources has a higher short interest than before, but it's still below the peer group average. This could indicate some bearish sentiment, but not necessarily a significant impact on the stock price.
The increase in short interest for PXD suggests that some investors are bearish. However, since the short interest is below the peer average and the short interest ratio is relatively low, it may not have a strong impact on the stock price in the short term.
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IMPORTANCE 50
RELEVANCE 80