How Is The Market Feeling About PG&E?
Portfolio Pulse from Benzinga Insights
PG&E's (NYSE:PCG) short percent of float has fallen 20.21% since its last report, with 43.22 million shares sold short, which is 2.25% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, PG&E's short interest as a percentage of float is higher than its peer group average of 2.11%.
July 28, 2023 | 4:45 pm
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PG&E's decrease in short interest could indicate a more bullish sentiment towards the stock, potentially leading to a rise in its stock price in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock, which could lead to a rise in its stock price. However, it's important to note that PG&E's short interest is higher than its peer group average, which could indicate a more bearish sentiment compared to its peers.
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