Looking Into Civitas Resources's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Civitas Resources (NYSE:CIVI) has seen a 7.16% decrease in its short percent of float, now at 3.76%. This indicates a more bullish sentiment compared to its peers, which have an average short interest of 6.55%. It would take traders 2.04 days to cover their short positions.
July 02, 2024 | 3:00 pm
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Civitas Resources has experienced a 7.16% decrease in short interest, now at 3.76% of its float. This suggests a more bullish sentiment compared to its peers, which have an average short interest of 6.55%.
The decrease in short interest indicates that fewer investors are betting against Civitas Resources, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that its short interest is lower than the peer group average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100