(SRE) - Analyzing Sempra's Short Interest
Portfolio Pulse from Benzinga Insights
Sempra's (NYSE:SRE) short interest has decreased by 8.42% since the last report, with 11.63 million shares sold short, representing 1.85% of its float. The current short interest suggests a bullish sentiment among investors, as it is lower than the peer group average of 3.22%. This change in short interest could influence Sempra's stock performance in the short term.
March 21, 2024 | 3:45 pm
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Sempra's short interest has decreased, indicating a more bullish sentiment among investors compared to its peers.
A decrease in short interest typically indicates that investors are less bearish on the stock, expecting fewer price declines. This can lead to a positive sentiment shift among investors, potentially driving up the stock price in the short term. Given that Sempra's short interest is below its peer group average, this suggests a stronger bullish sentiment specifically towards Sempra, compared to its peers.
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