How Is The Market Feeling About Xcel Energy?
Portfolio Pulse from Benzinga Insights
Xcel Energy's (NYSE:XEL) short percent of float has risen 13.79% since its last report, with 5.46 million shares sold short, which is 0.99% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Xcel Energy's peer group average for short interest as a percentage of float is 2.33%, which means the company has less short interest than most of its peers.
August 04, 2023 | 2:16 pm
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Xcel Energy's short percent of float has risen, indicating a bearish sentiment. However, it has less short interest than most of its peers.
The increase in short interest indicates that investors are expecting the price of Xcel Energy's stock to fall. However, the fact that it has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it seems.
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