Looking Into ConocoPhillips's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ConocoPhillips (NYSE:COP) has seen a 34.62% increase in its short percent of float, now at 1.4% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, ConocoPhillips has a lower short interest percentage.
June 19, 2024 | 3:45 pm
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ConocoPhillips has experienced a significant increase in short interest, rising by 34.62% to 1.4% of its float. This suggests a growing bearish sentiment among investors. However, its short interest remains lower than the peer group average of 7.43%.
The significant increase in short interest suggests that investors are becoming more bearish on ConocoPhillips. While this does not guarantee a price drop, it indicates a negative market sentiment. However, the short interest is still lower than its peers, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100