Looking Into Phillips 66's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Phillips 66 (NYSE:PSX) has seen a 6.73% decrease in its short percent of float, now at 1.94% with 8.12 million shares sold short. This is lower than its peers' average short interest of 6.57%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 04, 2024 | 5:00 pm
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Phillips 66's short interest has decreased by 6.73%, now at 1.94%, which is below the peer average of 6.57%. This decrease may suggest a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Phillips 66, which can be interpreted as a sign of increased confidence in the stock. Additionally, the short interest is significantly lower than the peer average, further indicating a potentially positive outlook.
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