Looking Into Sempra Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sempra Energy's (NYSE:SRE) short percent of float has risen 121.43% since its last report, with 5.86 million shares sold short, which is 0.93% of all regular shares available for trading. It would take traders 2.65 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Sempra Energy's peer group average for short interest as a percentage of float is 2.12%, which means the company has less short interest than most of its peers.
September 20, 2023 | 5:45 pm
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Sempra Energy's short interest has increased significantly, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
The significant increase in short interest indicates that investors are expecting the price of Sempra Energy's stock to fall. This bearish sentiment could put downward pressure on the stock price in the short term. However, the fact that Sempra Energy has less short interest than most of its peers could mitigate this effect to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100