Peering Into Valero Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Valero Energy (NYSE:VLO) has seen a decrease in short interest, with the short percent of float falling 6.79% since the last report. The company has 8.96 million shares sold short, representing 3.02% of available shares. The average time to cover these short positions is 3.27 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Valero has a lower short interest compared to its peer group average of 8.56%.
January 31, 2024 | 7:45 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 short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price as the market sentiment improves. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is not at the maximum level.
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IMPORTANCE 75
RELEVANCE 100