Peering Into Murphy Oil's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Murphy Oil's (NYSE:MUR) short interest has risen by 23.79%, with 7.36 million shares sold short, representing 6.92% of its float. This increase in short interest could indicate bearish sentiment, although it is lower than the peer group average of 7.18%.
June 18, 2024 | 1:15 pm
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Murphy Oil's short interest has increased by 23.79%, now at 6.92% of its float. This could indicate bearish sentiment, but it's still below the peer average of 7.18%.
The significant increase in short interest suggests that investors are becoming more bearish on Murphy Oil. However, since the short interest is still below the peer average, the impact might be moderated.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100