How Is The Market Feeling About PG&E?
Portfolio Pulse from Benzinga Insights
PG&E's (NYSE:PCG) short percent of float has risen 13.71% since its last report, with 29.28 million shares sold short, which is 1.41% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, PG&E's peer group average for short interest as a percentage of float is 2.19%, which means the company has less short interest than most of its peers.
October 11, 2023 | 1:00 pm
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PG&E's short percent of float has risen 13.71%, indicating a bearish sentiment. However, it has less short interest than most of its peers.
The increase in short interest indicates that investors are expecting the price of PG&E's stock to fall. However, the fact that PG&E has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it appears.
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