Peering Into NextEra Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NextEra Energy's (NYSE:NEE) short percent of float has risen 24.14% since its last report, with 21.93 million shares sold short, which is 1.08% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, NextEra Energy has less short interest as a percentage of float, which is 2.24% on average.
September 11, 2023 | 3:01 pm
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NEGATIVE IMPACT
NextEra Energy's short interest has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that the price of NextEra Energy's stock will fall. However, compared to its peers, the company has less short interest, which could mean that the bearish sentiment is not as strong as it is for other companies in the same sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100