How Is The Market Feeling About Coterra Energy?
Portfolio Pulse from Benzinga Insights
Coterra Energy (NYSE:CTRA) has seen a 3.56% increase in its short percent of float, now at 3.49% with 19.79 million shares sold short. This indicates a bearish market sentiment, although it's below the peer group average of 6.37%. The rise in short interest suggests investors are more bearish, but it doesn't necessarily predict a near-term price drop.
March 14, 2024 | 8:45 pm
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NEUTRAL IMPACT
Coterra Energy's short interest has increased, indicating a bearish sentiment among investors. However, it's still below the peer average, suggesting mixed signals.
The increase in short interest for CTRA suggests a bearish sentiment, but being below the peer average could mean the market's view is mixed. The impact on the stock price is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90