
Short sellers slash bets against energy stocks in July

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Short sellers reduced their bets against energy stocks in July, with short interest in the sector falling to 2.18% from 2.64% in June. Total short bets decreased to 438.83M shares. Crude oil futures rose 6%, while the S&P 500 Energy sector gained 2.1%. Most shorted stocks included APA Corporation and Texas Pacific Land, while Exxon Mobil and Chevron were among the least shorted. The Oil and Gas Exploration and Production industry had the highest short interest at 3.41%.

