Looking Into Diamondback Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Diamondback Energy (NYSE:FANG) has seen a decrease in short interest, now at 3.24% of its float, lower than the peer group average of 6.68%. This reduction from 5.26% suggests a more bullish sentiment among investors. The current short interest represents 5.06 million shares, with a cover time of 1.95 days based on trading volume.
March 11, 2024 | 2:15 pm
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Diamondback Energy's short interest has decreased, indicating a potentially more bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Diamondback Energy, this reduction in short interest could suggest that market sentiment is improving, potentially leading to a short-term increase in stock price as fewer investors are betting on its decline.
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