How Is The Market Feeling About WEC Energy Group?
Portfolio Pulse from Benzinga Insights
WEC Energy Group's short percent of float has risen 22.84% since its last report, with 4.83 million shares sold short, which is 1.99% of all regular shares available for trading. It would take traders 2.17 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, WEC Energy Group's peer group average for short interest as a percentage of float is 2.63%, which means the company has less short interest than most of its peers.
November 03, 2023 | 4:15 pm
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WEC Energy Group's short percent of float has increased, indicating a bearish sentiment. However, it has less short interest than most of its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment towards a stock. However, WEC Energy Group has less short interest than most of its peers, which could mean that the market sentiment towards WEC is less bearish compared to its peers. This could potentially limit the downside risk for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100