(XEL) - Analyzing Xcel Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Xcel Energy (NYSE:XEL) has seen a 16.3% decrease in short interest since its last report, with 8.48 million shares sold short, representing 1.54% of its float. The average time to cover these short positions is 2.19 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Xcel Energy has a lower short interest compared to its peer group average of 2.22%.
November 13, 2023 | 1:30 pm
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Xcel Energy's short interest has decreased, suggesting a potentially more bullish sentiment among investors. The short interest is below the peer group average, which could be viewed positively by the market.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a positive perception and potentially an increase in stock price in the short term. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate price movement.
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