How Is The Market Feeling About Sempra Energy?
Portfolio Pulse from Benzinga Insights
Sempra Energy's (NYSE:SRE) short percent of float has risen 35.09% since its last report, with 2.41 million shares sold short, which is 0.77% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Sempra Energy has less short interest as the average for its peer group is 1.95%.
August 04, 2023 | 11:58 am
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Sempra Energy's short percent of float has increased, indicating a bearish sentiment among investors. However, it has less short interest compared to its peers.
The increase in short percent of float indicates that more investors are betting against Sempra Energy, which could put downward pressure on the stock price in the short term. However, the fact that it has less short interest compared to its peers could mean that it is less likely to experience a significant drop in price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100