(SRE) - Analyzing Sempra Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Sempra Energy's (NYSE:SRE) short percent of float has fallen 51.72% since its last report, with 2.64 million shares sold short, which is 0.42% of all regular shares available for trading. It would take traders 2.19 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 1.98%.
September 04, 2023 | 5:30 pm
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Sempra Energy's short interest has decreased significantly, indicating a more bullish sentiment among traders.
A decrease in short interest often indicates a more bullish sentiment among traders, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term.
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