How Is The Market Feeling About Coterra Energy?
Portfolio Pulse from Benzinga Insights
Coterra Energy (NYSE:CTRA) has seen a decrease in short interest, with the short percent of float falling 12.77% to 2.46% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. Compared to its peers, Coterra Energy has a lower short interest percentage, suggesting a more bullish outlook among investors.
April 03, 2024 | 5:30 pm
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Coterra Energy's decrease in short interest suggests a reduction in bearish sentiment, potentially leading to a more positive outlook among investors.
A decrease in short interest typically indicates that fewer traders are betting against the stock, which can be interpreted as a positive sentiment shift. Given that Coterra Energy's short interest is also lower than its peer average, this suggests a relatively stronger bullish sentiment towards CTRA in the short term.
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