(MRO) - Analyzing Marathon Oil's Short Interest
Portfolio Pulse from Benzinga Insights
Marathon Oil's (NYSE:MRO) short interest has increased by 8.79%, with 14.89 million shares sold short, representing 2.97% of its float. This indicates a bearish market sentiment, although it's lower than its peer group average of 7.02%. The coverage time for these short positions is approximately 1.51 days.
April 22, 2024 | 8:00 pm
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Marathon Oil's short interest has risen, indicating increased bearish sentiment, but remains below peer average.
The increase in short interest suggests that investors are becoming more bearish on MRO, potentially leading to downward pressure on the stock price in the short term. However, the fact that MRO's short interest is below its peer group average might mitigate some negative impact, indicating a mixed sentiment among investors.
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