Peering Into Murphy Oil's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Murphy Oil's short interest has decreased by 12.91%, with 9.75 million shares sold short, representing 9.31% of its float. This is higher than its peers' average of 6.89%. The decrease in short interest may indicate a more bullish sentiment.
October 15, 2024 | 4:15 pm
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Murphy Oil's short interest has decreased by 12.91%, with 9.75 million shares sold short, representing 9.31% of its float. This is higher than its peers' average of 6.89%. The decrease in short interest may indicate a more bullish sentiment.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. Although the short interest is still higher than peers, the reduction could lead to upward pressure on the stock price as fewer investors are betting against it.
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