(COP) - Analyzing ConocoPhillips's Short Interest
Portfolio Pulse from Benzinga Insights
ConocoPhillips (NYSE:COP) has seen a 4.07% increase in its short percent of float, now at 1.79% of available shares. This is lower than its peers' average of 5.91%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
September 17, 2024 | 4:00 pm
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ConocoPhillips has experienced a 4.07% increase in short interest, now at 1.79% of its float. This indicates a bearish sentiment but is still below the peer average of 5.91%.
The increase in short interest suggests a bearish sentiment towards ConocoPhillips, but since it remains below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is cautious, but not overly negative compared to peers.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100