How Is The Market Feeling About WEC Energy Group?
Portfolio Pulse from Benzinga Insights
WEC Energy Group's short percent of float has risen 6.21% since its last report, with 4.16 million shares sold short, which is 1.71% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, WEC Energy Group's peer group average for short interest as a percentage of float is 1.88%, which means the company has less short interest than most of its peers.
July 10, 2023 | 8:45 pm
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NEGATIVE IMPACT
WEC Energy Group's short percent of float has increased, indicating a potentially bearish sentiment among investors. However, the company has less short interest than most of its peers.
The increase in short percent of float for WEC Energy Group indicates that investors may be expecting the stock price to fall, which could negatively impact the stock in the short term. However, the fact that WEC has less short interest than its peers could mitigate this impact to some extent.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100