(MPC) - Analyzing Marathon Petroleum's Short Interest
Portfolio Pulse from Benzinga Insights
Marathon Petroleum's short interest has increased by 6.22%, with 7.99 million shares sold short, representing 2.39% of its float. This is lower than the peer group average of 7.09%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
August 29, 2024 | 3:30 pm
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Marathon Petroleum's short interest has increased by 6.22%, with 7.99 million shares sold short, representing 2.39% of its float. This is lower than the peer group average of 7.09%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since the short interest is still below the peer average, it may not significantly impact the stock price in the short term. The market sentiment is mixed, and the stock price may not necessarily decline.
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