Looking Into Duke Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Duke Energy's (NYSE:DUK) short percent of float has risen 12.84% since its last report, with 9.47 million shares sold short, which is 1.23% of all regular shares available for trading. It would take traders 2.12 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Duke Energy's peer group average for short interest as a percentage of float is 2.20%, which means the company has less short interest than most of its peers.
October 18, 2023 | 3:00 pm
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Duke Energy's short percent of float has risen 12.84%, indicating a potential bearish sentiment among investors.
An increase in short interest can indicate a bearish sentiment among investors. As Duke Energy's short percent of float has risen 12.84%, this could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
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