(APA) - Analyzing APA's Short Interest
Portfolio Pulse from Benzinga Insights
APA Corporation's short interest has risen by 3.29%, with 21.39 million shares sold short, representing 6.59% of its float. This is lower than the peer group average of 7.19%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
June 26, 2024 | 4:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
APA Corporation's short interest has increased by 3.29%, now at 6.59% of its float. This is below the peer group average of 7.19%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
The increase in short interest suggests that more investors are betting against APA, which could indicate bearish sentiment. However, the short interest is still below the peer average, and increased short interest does not necessarily mean the stock will decline in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100