Looking Into Coterra Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Coterra Energy (NYSE:CTRA) has seen a 19.38% decrease in short interest since its last report, with 20.74 million shares sold short, representing 3.66% of its float. The average time to cover these short positions is 2.54 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Coterra's short interest is below its peer group average of 6.14%.
December 08, 2023 | 4:15 pm
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Coterra Energy's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
The decrease in short interest for Coterra Energy suggests that bearish sentiment is waning, which could lead to less selling pressure and a potential increase in the stock price in the short term. However, short interest is just one indicator and does not guarantee stock movement.
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