Looking Into FuelCell Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
FuelCell Energy (NYSE:FCEL) has seen a decrease in short interest, now at 19.71% of float, down 6.14% since the last report. With 88.75 million shares sold short, it would take about 8.89 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards FCEL, potentially signaling a more bullish outlook compared to its peers, where the average short interest is 12.69%.
April 18, 2024 | 7:00 pm
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FuelCell Energy's short interest has decreased, indicating a potential shift in market sentiment towards the stock. This could suggest a more bullish outlook in the short term.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For FCEL, this reduction in short interest could reduce selling pressure and potentially lead to a price increase in the short term, especially considering it has a higher short interest compared to its peers.
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