Peering Into Murphy Oil's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Murphy Oil's short interest has risen by 18.07%, with 7.05 million shares sold short, representing 6.73% of its float. This is higher than its peers' average of 5.51%. It would take traders 5.3 days to cover their short positions.
August 16, 2024 | 4:15 pm
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Murphy Oil's short interest has increased by 18.07%, with 7.05 million shares sold short, representing 6.73% of its float. This is higher than the peer group average of 5.51%.
The significant increase in short interest suggests that investors are becoming more bearish on Murphy Oil compared to its peers. This could lead to downward pressure on the stock price in the short term.
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