Looking Into Cia Paranaense De Energia's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cia Paranaense De Energia's (NYSE:ELP) short percent of float has risen 5.56% since its last report, with 1.26 million shares sold short, which is 0.38% of all regular shares available for trading. It would take traders 2.1 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.25%.
October 02, 2023 | 2:45 pm
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The rise in short interest in Cia Paranaense De Energia could indicate a bearish sentiment among investors. However, the company's short interest is less than its peer group average, which could be a positive sign.
The rise in short interest could indicate that investors are expecting the price of ELP to fall. However, the fact that ELP's short interest is less than its peer group average could mean that it is less likely to experience a significant price drop compared to its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100