How Is The Market Feeling About APA?
Portfolio Pulse from Benzinga Insights
APA Corporation's (NYSE:APA) short interest has increased by 19.52% since the last report, with 23.31 million shares sold short, representing 8.94% of its available trading shares. This indicates a bearish market sentiment towards APA, as it takes traders approximately 3.16 days to cover their short positions. APA's short interest is higher than its peer group average of 6.55%, suggesting more bearish sentiment compared to its peers.
April 01, 2024 | 2:30 pm
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APA Corporation's short interest has significantly increased, indicating a bearish market sentiment. With 8.94% of shares shorted and a higher short interest than its peers, this could suggest potential downward pressure on APA's stock price in the short term.
The increase in short interest for APA Corporation suggests that more traders are betting against the stock, expecting its price to fall. This bearish sentiment, especially when higher than its peer group average, can lead to short-term price declines as market sentiment plays a crucial role in stock price movements.
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