(TPL) - Analyzing Texas Pacific Land's Short Interest
Portfolio Pulse from Benzinga Insights
Texas Pacific Land (NYSE:TPL) has seen an 8.06% increase in its short percent of float, now at 5.9%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 6.45%. It would take traders 4.38 days to cover their short positions.
July 02, 2024 | 3:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Texas Pacific Land (NYSE:TPL) has experienced an 8.06% increase in short interest, now at 5.9% of its float. This suggests a rise in bearish sentiment, although it remains below the peer group average of 6.45%. It would take traders 4.38 days to cover their short positions.
The increase in short interest indicates a rise in bearish sentiment towards TPL. While this does not guarantee a price drop, it suggests that more traders are betting against the stock. The fact that it remains below the peer average slightly mitigates the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100