(SRE) - Analyzing Sempra's Short Interest
Portfolio Pulse from Benzinga Insights
Sempra (NYSE:SRE) has seen a 99.04% increase in short interest since its last report, with 13.00 million shares sold short, representing 2.07% of its float. It would take about 3.23 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Sempra's short interest is below its peer group average of 3.12%.
December 05, 2023 | 8:30 pm
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Sempra's significant rise in short interest may indicate increased bearish sentiment, but it remains below the peer average, suggesting a less negative outlook compared to its peers.
The increase in short interest for Sempra suggests that some investors are expecting the price to fall, which could lead to negative pressure on the stock price in the short term. However, since the short interest is below the peer group average, this may not be as significant a bearish signal as it could be. The short-term impact is therefore considered neutral until further market sentiment or company-specific news provides clearer direction.
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