How Is The Market Feeling About PG&E?
Portfolio Pulse from Benzinga Insights
PG&E (NYSE:PCG) has seen a decrease in short interest, with the short percent of float falling 6.05% since the last report. The company has 49.23 million shares sold short, which is 2.33% of available shares for trading. The average time to cover these short positions is 2.06 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. PG&E's short interest is slightly below its peer group average of 2.37%.
January 05, 2024 | 1:00 pm
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PG&E's short interest has decreased, which may suggest a more bullish market sentiment towards the company's stock in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a short-term increase in its price as the market sentiment improves. However, the article does not guarantee a price rise, and other market factors could influence the stock's performance.
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