How Is The Market Feeling About Valero Energy?
Portfolio Pulse from Benzinga Insights
Valero Energy's (NYSE:VLO) short percent of float has decreased by 5.38% since the last report, with 10.95 million shares sold short, representing 3.34% of available shares. This decrease in short interest could indicate a more bullish sentiment towards VLO among traders. Compared to its peers, VLO has a lower short interest percentage, with the average for its peer group being 8.53%.
April 22, 2024 | 4:45 pm
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Valero Energy's short interest has decreased, indicating a potentially more bullish sentiment towards the stock.
A decrease in short interest typically suggests that investors are less bearish on the stock, potentially leading to an increase in its price in the short term. Given that VLO's short interest is also lower than its peer average, this could further indicate stronger relative confidence in the company's performance.
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