(XEL) - Analyzing Xcel Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Xcel Energy's (NYSE:XEL) short interest has decreased by 6.94% since the last report, with 7.37 million shares sold short, representing 1.34% of its float. The average time to cover these short positions is 1.88 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 2.37%.
December 26, 2023 | 2:45 pm
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Xcel Energy's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a short-term price increase as the market sentiment improves. However, short interest is just one of many factors that can affect stock prices, and there is no guarantee that the price will rise solely based on this information.
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