How Is The Market Feeling About EOG Resources?
Portfolio Pulse from Benzinga Insights
EOG Resources (NYSE:EOG) has seen a 9.92% decrease in short interest, with 6.35 million shares sold short, representing 1.09% of available shares. The average time to cover these short positions is 2.59 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. EOG has less short interest compared to its peers, with an average of 6.34% short interest as a percentage of float in its peer group.
November 14, 2023 | 6:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
EOG Resources has experienced a significant decrease in short interest, suggesting a more bullish sentiment from traders. With a lower short interest compared to its peers, this could be a positive sign for the stock in the short term.
The decrease in short interest for EOG Resources indicates that traders are less bearish on the stock, which could lead to a short-term increase in its price. However, short interest is just one indicator and does not guarantee a price movement. The comparison with peers showing lower short interest for EOG also supports a potentially positive outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100