How Is The Market Feeling About EOG Resources?
Portfolio Pulse from Benzinga Insights
EOG Resources (NYSE:EOG) has seen a 6.15% decrease in its short percent of float, now at 1.68%. This is lower than its peers' average of 5.77%. The decrease in short interest may indicate a more bullish sentiment towards EOG.
August 29, 2024 | 5:45 pm
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EOG Resources has experienced a 6.15% decrease in short interest, now at 1.68% of float, which is below the peer average of 5.77%. This could indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against EOG Resources, which can be interpreted as a sign of increased confidence in the stock. Additionally, EOG's short interest is significantly lower than its peers, further supporting a potentially bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100