How Is The Market Feeling About Marathon Oil?
Portfolio Pulse from Benzinga Insights
Marathon Oil's short percent of float has decreased by 7.41%, with 13.72 million shares sold short, representing 2.75% of all regular shares available for trading. This is lower than the peer group average of 7.30%.
May 15, 2024 | 8:45 pm
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POSITIVE IMPACT
Marathon Oil's short interest has decreased by 7.41%, now at 2.75% of float, which is lower than the peer group average of 7.30%. This indicates a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Marathon Oil, which can be interpreted as a positive signal for the stock. Additionally, the company's short interest is significantly lower than its peers, further indicating a relatively bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100