Peering Into PG&E's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PG&E's (NYSE:PCG) short percent of float has risen 14.83% since its last report, with 52.03 million shares sold short, which is 2.71% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 2.17%. Short interest can act as an indicator of market sentiment towards a particular stock.
July 12, 2023 | 5:01 pm
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PG&E's short percent of float has increased, indicating a bearish market sentiment. However, high short interest can sometimes be bullish.
An increase in short interest usually indicates a bearish sentiment towards the stock. However, it's important to note that high short interest can sometimes lead to a short squeeze, which can be bullish for the stock. Therefore, the impact on PG&E's stock price in the short term is uncertain.
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IMPORTANCE 75
RELEVANCE 100