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 5.03% since its last report, with 4.14 million shares sold short, which is 1.7% of all regular shares available for trading. It would take traders 3.84 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 2.05%.
September 20, 2023 | 2:15 pm
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NEUTRAL IMPACT
WEC Energy Group's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal that investors have become more bullish towards a stock. However, this does not necessarily translate into an immediate increase in stock price. Other factors such as company performance, market conditions, and overall investor sentiment also play a role.
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