(MUSA) - Analyzing Murphy USA's Short Interest
Portfolio Pulse from Benzinga Insights
Murphy USA's (NYSE:MUSA) short interest has decreased to 7.01% of its float, with 1.32 million shares sold short. This represents a 7.03% drop since the last report, requiring an average of 7.26 days for traders to cover their short positions. The decrease in short interest suggests a more bullish market sentiment towards MUSA compared to its peers, where the average short interest is 11.50%.
April 19, 2024 | 1:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Murphy USA's short interest has decreased, indicating a potentially more bullish sentiment towards the stock in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, potentially leading to less selling pressure and a more favorable outlook for the stock price in the short term. Given that MUSA's short interest is now below the peer average, this could suggest a stronger confidence in the company's performance relative to its peers, possibly driving positive momentum in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100