Looking Into WEC Energy Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
WEC Energy Group's (NYSE:WEC) short percent of float has fallen 17.39% since its last report, with 3.70 million shares sold short, which is 1.52% of all regular shares available for trading. It would take traders 3.17 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 1.93%.
August 10, 2023 | 5:00 pm
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The decrease in short interest in WEC Energy Group could indicate a more bullish sentiment among investors. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so this does not guarantee a price increase.
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