Peering Into Sempra's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sempra's (NYSE:SRE) short interest has increased by 7.43% since the last report, with 12.34 million shares sold short, representing 2.17% of its float. It would take about 3.56 days to cover all short positions. This rise in short interest could indicate a more bearish market sentiment towards Sempra, although it has less short interest compared to its peer group average of 3.26%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are shorting more shares.
April 12, 2024 | 3:45 pm
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Sempra's short interest has risen, indicating a potentially bearish sentiment among traders, but still below peer average.
The increase in short interest for Sempra suggests that traders might be expecting the stock price to fall, which could lead to a negative short-term impact on the stock price. However, being below the peer average indicates a relatively less bearish sentiment compared to its peers, which might mitigate the negative impact to some extent.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90