Looking Into PG&E's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PG&E's (NYSE:PCG) short percent of float has fallen 32.89% since its last report, with 31.26 million shares sold short, which is 1.51% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards PG&E. Compared to its peers, PG&E has less short interest as a percentage of float, with an average of 2.25%.
August 17, 2023 | 4:00 pm
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PG&E's decrease in short interest could indicate a more bullish market sentiment, potentially impacting its stock price positively.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock's price. As such, PG&E's decrease in short interest could potentially have a positive impact on its stock price.
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