How Is The Market Feeling About Magnolia Oil & Gas?
Portfolio Pulse from Benzinga Insights
Magnolia Oil & Gas (NYSE:MGY) has seen a 3.98% decrease in its short percent of float, now at 19.06%. This is significantly higher than its peers' average of 4.24%. The decrease in short interest may indicate a shift in market sentiment towards a more bullish outlook.
September 11, 2024 | 1:15 pm
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Magnolia Oil & Gas's short interest has decreased by 3.98%, now at 19.06%, which is higher than its peers' average. This could indicate a potential bullish sentiment shift.
The decrease in short interest suggests that fewer investors are betting against Magnolia Oil & Gas, which could indicate a more positive market sentiment. The fact that its short interest is still significantly higher than its peers suggests that there is still some bearish sentiment, but the reduction could lead to a short-term price increase as traders cover their positions.
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