How Is The Market Feeling About Valero Energy?
Portfolio Pulse from Benzinga Insights
Valero Energy (NYSE:VLO) has seen a decrease in short interest, with the short percent of float dropping 5.98% since the last report. The company has 10.28 million shares sold short, which is 3.46% of available shares for trading. The average time to cover these short positions is 3.79 days. Short interest is a measure of market sentiment, and a decrease may indicate a more bullish outlook. Valero's short interest is below its peer group average of 8.44%. The article suggests that traders should note the reduced number of shares being shorted but does not imply an immediate rise in stock price.
December 21, 2023 | 2:45 pm
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Valero Energy's short interest has decreased, which may suggest a more bullish sentiment among investors. The company's short interest is lower than the peer group average.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. Since Valero's short interest is also lower than its peers, this could be seen as a positive sign by the market. However, the article does not guarantee an immediate price rise, so while the sentiment is positive, the impact may not be immediate.
CONFIDENCE 80
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