Looking Into Valero Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Valero Energy (NYSE:VLO) has seen a 6.9% decrease in short interest since its last report, with 9.62 million shares sold short, representing 3.24% of its float. The average time to cover these short positions is 3.62 days. A decrease in short interest can indicate a more bullish sentiment from investors. Valero has a lower short interest compared to its peer group average of 8.49%.
January 11, 2024 | 4:15 pm
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Valero 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 stock price.
The decrease in short interest for Valero Energy suggests that investors are becoming more optimistic about the company's stock, which could lead to a short-term increase in its stock price. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is significant but not critical.
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