How Is The Market Feeling About Duke Energy?
Portfolio Pulse from Benzinga Insights
Duke Energy's (NYSE:DUK) short interest has increased by 12.3%, with 10.52 million shares sold short, representing 1.37% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 2.73% short interest. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.
March 14, 2024 | 6:45 pm
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Duke Energy's short interest has risen by 12.3%, indicating a bearish sentiment among traders. However, it remains below the peer average.
The increase in short interest for Duke Energy suggests that traders are becoming more bearish on the stock. However, since the short interest is still below the peer group average, it indicates that while sentiment is bearish, it may not be as severe compared to its peers. This could lead to short-term downward pressure on the stock price, but the impact might be moderated by its relative performance against peers.
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