Looking Into Murphy Oil's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Murphy Oil's short interest has increased by 15.19%, with 11.19 million shares sold short, representing 10.69% of its float. This is higher than its peers' average of 6.59%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 26, 2024 | 1:00 pm
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Murphy Oil's short interest has increased significantly, indicating bearish sentiment. With 11.19 million shares shorted, representing 10.69% of its float, this is higher than the peer average of 6.59%.
The increase in short interest suggests that investors are more bearish on Murphy Oil compared to its peers. This could lead to downward pressure on the stock price as more investors bet against it. However, it is not a definitive indicator of a price drop.
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IMPORTANCE 80
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