(COP) - Analyzing ConocoPhillips's Short Interest
Portfolio Pulse from Benzinga Insights
ConocoPhillips (NYSE:COP) has seen a 13.14% increase in its short percent of float, now at 1.55% of all regular shares available for trading. This is lower than the peer group average of 6.44%. It would take traders 4.38 days to cover their short positions.
July 25, 2024 | 6:30 pm
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NEUTRAL IMPACT
ConocoPhillips has experienced a 13.14% increase in short interest, now at 1.55% of its float. This is lower than the peer group average of 6.44%. It would take traders 4.38 days to cover their short positions.
The increase in short interest indicates a more bearish sentiment among traders, but the short interest is still lower than the peer group average. This mixed signal suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100