Looking Into NextEra Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NextEra Energy's (NYSE:NEE) short interest has decreased by 7.45% since the last report, with 17.74 million shares sold short, representing 0.87% of its float. This decline in short interest, which now requires 1.46 days on average to cover, could indicate a more bullish sentiment towards NEE compared to its peers, where the average short interest as a percentage of float is 2.47%.
February 19, 2024 | 3:30 pm
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NextEra Energy's short interest has decreased, indicating a potential bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For NextEra Energy, this reduction in short interest could lead to a short-term positive impact on its stock price, especially since it's now below the peer group average. This suggests a stronger bullish sentiment towards NEE compared to its competitors.
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