(APA) - Analyzing APA's Short Interest
Portfolio Pulse from Benzinga Insights
APA's short interest has increased by 26.02%, with 16.92 million shares sold short, representing 5.23% of its float. This is below the peer group average of 6.58%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 30, 2024 | 8:30 pm
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APA's short interest has increased by 26.02%, with 16.92 million shares sold short, representing 5.23% of its float. This is below the peer group average of 6.58%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but APA's short interest is still below the peer average, which may mitigate the negative impact. The short interest data alone does not predict a price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100