How Is The Market Feeling About ConocoPhillips?
Portfolio Pulse from Benzinga Insights
ConocoPhillips (NYSE:COP) has seen a 7.29% decrease in short interest since the last report, with 10.58 million shares sold short, representing 0.89% of available shares. The average time to cover these short positions is 2.03 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. ConocoPhillips has a lower short interest compared to its peer group average of 6.10%.
December 27, 2023 | 4:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ConocoPhillips has experienced a decrease in short interest, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
The reduction in short interest for ConocoPhillips indicates that fewer investors are betting on the stock price to fall, which could lead to a short-term positive impact on the stock price as market sentiment appears to be more bullish.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80