Peering Into SunPower's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SunPower (NYSE:SPWR) has seen a decrease in short interest, with the current short percent of float at 59.11%, down 7.73% from the last report. The company has 39.25 million shares sold short, requiring an average of 7.33 days to cover. This decline in short interest could indicate a more bullish sentiment towards SPWR compared to its peers, where the average short interest as a percentage of float is 10.43%.
April 26, 2024 | 8:15 pm
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SunPower's decrease in short interest suggests a more bullish market sentiment, potentially leading to positive short-term price movement.
A decrease in short interest often indicates that investors are less bearish on a stock, potentially leading to an increase in its price. Given that SPWR's short interest is significantly higher than its peers but is decreasing, this could suggest a stronger bullish sentiment specifically towards SPWR, making a short-term price increase more likely.
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