Looking Into Duke Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Duke Energy's (NYSE:DUK) short percent of float has fallen 13.08% since its last report, with 7.16 million shares sold short, which is 0.93% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Duke Energy. Compared to its peers, Duke Energy has less short interest as a percentage of float, with an average of 2.26%.
July 07, 2023 | 1:16 pm
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Duke Energy's short interest has decreased, potentially indicating a more bullish market sentiment. It also has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish market sentiment as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Duke Energy has less short interest compared to its peers, could potentially have a positive impact on its stock price in the short term.
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