Peering Into Ovintiv's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ovintiv's (NYSE:OVV) short percent of float has fallen 6.7% since its last report, with 4.63 million shares sold short, representing 1.95% of all regular shares available for trading. This is lower than the peer group average of 7.44%.
May 16, 2024 | 8:15 pm
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Ovintiv's short interest has decreased by 6.7%, now at 1.95% of float, which is lower than the peer group average of 7.44%. This indicates a more bullish sentiment towards the stock.
The decrease in short interest suggests that investors are becoming more bullish on Ovintiv compared to its peers. This could lead to a positive short-term impact on the stock price as fewer investors are betting against it.
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