How Is The Market Feeling About Viper Energy?
Portfolio Pulse from Benzinga Insights
Viper Energy (NYSE:VNOM) has seen a decrease in short interest, now at 4.5% of its float, down 6.83% from the last report. With 2.95 million shares sold short, it would take about 6.08 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards VNOM compared to its peers, where the average short interest is 11.10%.
March 14, 2024 | 3:30 pm
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Viper Energy's short interest has decreased, indicating a potentially more bullish sentiment towards the stock.
A decrease in short interest often suggests that investors are becoming more optimistic about a stock's future performance. For VNOM, this reduction could reduce selling pressure and possibly lead to a price increase in the short term, especially when compared to its peers with higher short interest rates.
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