How Is The Market Feeling About Duke Energy?
Portfolio Pulse from Benzinga Insights
Duke Energy's (NYSE:DUK) short percent of float has risen 3.88% since its last report, with 8.22 million shares sold short, which is 1.07% of all regular shares available for trading. It would take traders 3.39 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 2.27%.
August 10, 2023 | 4:45 pm
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NEGATIVE IMPACT
Duke Energy's short percent of float has increased, indicating a bearish sentiment. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment towards a stock. However, Duke Energy has less short interest than most of its peers, which could mean that the market sentiment towards the company is not as negative as it seems.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100