How Is The Market Feeling About Duke Energy?
Portfolio Pulse from Benzinga Insights
Duke Energy's (NYSE:DUK) short percent of float has risen 12.9% since its last report, with 8.05 million shares sold short, which is 1.05% of all regular shares available for trading. It would take traders 2.48 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Duke Energy's peer group average for short interest as a percentage of float is 2.25%, which means the company has less short interest than most of its peers.
July 24, 2023 | 3:45 pm
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Duke Energy's short percent of float has increased, indicating a more bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in short percent of float indicates that more investors are betting against Duke Energy, which could put downward pressure on the stock price in the short term. However, the fact that Duke Energy has less short interest than most of its peers could mitigate this effect to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100