Looking Into Phillips 66's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Phillips 66 (NYSE:PSX) has seen a 6.88% increase in its short percent of float, now at 2.02% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Phillips 66 has a lower short interest percentage.
June 10, 2024 | 3:30 pm
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Phillips 66 has experienced a 6.88% increase in short interest, now at 2.02% of its float. This suggests a rise in bearish sentiment, but the short interest is still lower than its peers.
The increase in short interest indicates a rise in bearish sentiment among investors, which could put downward pressure on the stock price in the short term. However, the short interest is still lower than its peers, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100