(D) - Analyzing Dominion Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Dominion Energy's (NYSE:D) short interest has decreased by 10.83% since the last report, with 8.97 million shares sold short, representing 1.07% of available shares. The short interest is below the peer group average of 3.11%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.
January 29, 2024 | 2:15 pm
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Dominion Energy's short interest has decreased, which may suggest a more bullish sentiment among investors compared to the higher peer average short interest.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to less selling pressure and potentially a rise in the stock price in the short term. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate price movement.
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