Looking Into Sempra's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sempra's (NYSE:SRE) short percent of float has fallen 11.83% since its last report, with 5.19 million shares sold short, which is 0.82% of all regular shares available for trading. It would take traders 2.35 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 2.27%.
October 09, 2023 | 5:45 pm
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POSITIVE IMPACT
Sempra's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock.
A decrease in short interest can signal that investors have become more bullish on a stock. As such, the decrease in Sempra's short percent of float could potentially lead to an increase in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100