How Is The Market Feeling About Xcel Energy?
Portfolio Pulse from Benzinga Insights
Xcel Energy (NYSE:XEL) has seen a decrease in short interest, with the short percent of float falling 11.61% to 1.37% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The company's short interest is below its peer group average of 2.66%, suggesting a relatively more bullish outlook compared to its peers.
March 15, 2024 | 2:45 pm
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Xcel Energy's decrease in short interest suggests a reduction in bearish sentiment, potentially indicating a more bullish short-term outlook.
A decrease in short interest typically indicates that fewer traders are betting on the stock's decline, which can be a bullish signal. Given that XEL's short interest is also below its peer group average, this suggests a relatively stronger bullish sentiment towards the stock in the short term.
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