How Is The Market Feeling About Murphy USA?
Portfolio Pulse from Benzinga Insights
Murphy USA's (NYSE:MUSA) short percent of float has increased by 21.7% since the last report, with 1.45 million shares sold short, representing 9.59% of available shares. It would take about 5.11 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards MUSA, although it has less short interest compared to its peer group average of 12.64%.
February 29, 2024 | 8:30 pm
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Murphy USA's short interest has increased, indicating a bearish sentiment among investors. However, it remains below the peer group average.
The increase in short interest suggests that investors are becoming more bearish on MUSA, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90