How Is The Market Feeling About Diamondback Energy?
Portfolio Pulse from Benzinga Insights
Diamondback Energy (NYSE:FANG) has seen a rise in its short percent of float by 11.89%, with 5.59 million shares sold short, representing 2.07% of its float. This is below the peer group average of 6.99%. The increase in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 22, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Diamondback Energy's short interest has increased by 11.89%, now at 2.07% of its float, which is lower than the peer average of 6.99%. This rise in short interest could indicate bearish sentiment among investors.
The increase in short interest suggests that more investors are betting against Diamondback Energy, which could indicate a bearish outlook. However, the short interest is still below the peer average, which might mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100