(CIVI) - Analyzing Civitas Resources's Short Interest
Portfolio Pulse from Benzinga Insights
Civitas Resources (NYSE:CIVI) has seen a 10.23% increase in its short percent of float, now at 6.36%. This indicates a rise in bearish sentiment, though it remains below the peer average of 7.02%. It would take traders 3.24 days to cover short positions.
October 17, 2024 | 8:15 pm
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Civitas Resources has experienced a 10.23% increase in short interest, now at 6.36% of its float. This suggests growing bearish sentiment, though it remains below the peer average of 7.02%.
The increase in short interest indicates that more investors are betting against Civitas Resources, suggesting a bearish sentiment. However, the short interest is still below the peer average, which may mitigate the negative impact. The time to cover short positions is relatively short at 3.24 days, which could lead to volatility if a short squeeze occurs.
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