Peering Into Cia Paranaense De Energia's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cia Paranaense De Energia (NYSE:ELP) has seen a 7.32% decrease in short interest since the last report, with 1.28 million shares sold short, representing 0.38% of available shares. The average time to cover these short positions is 1.6 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. ELP has less short interest compared to its peer group average of 2.52%.
December 07, 2023 | 5:30 pm
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Cia Paranaense De Energia's short interest has decreased, which may indicate a more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, short interest is just one of many factors that can affect stock prices, and the impact may not be immediate or significant.
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