Peering Into Duke Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Duke Energy's (NYSE:DUK) short interest has risen by 17.27%, with 9.96 million shares sold short, representing 1.29% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Duke Energy's short interest is still lower than the peer group average of 2.19%.
May 17, 2024 | 4:15 pm
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Duke Energy's short interest has increased by 17.27%, now at 1.29% of its float. This could indicate bearish sentiment, but the short interest is still below the peer average of 2.19%.
The increase in short interest suggests that more investors are betting against Duke Energy, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100