Looking Into Xcel Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Xcel Energy's (NYSE:XEL) short percent of float has risen 3.81% since its last report, with 6.00 million shares sold short, which is 1.09% of all regular shares available for trading. It would take traders 1.74 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 2.24%.
September 12, 2023 | 8:30 pm
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Xcel Energy's short percent of float has risen, indicating increased bearish sentiment. However, it has less short interest than most of its peers.
The increase in short interest indicates that traders are expecting the price of Xcel Energy's stock to fall. However, the fact that it has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it is for other companies in the same sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100