Looking Into NRG Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NRG Energy's short interest has risen by 23.68%, with 9.64 million shares sold short, representing 6.11% of its float. This is significantly higher than its peers' average of 2.12%. The increase in short interest could indicate bearish sentiment but also presents a potential for a short squeeze.
June 03, 2024 | 1:30 pm
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NRG Energy's short interest has increased by 23.68%, with 9.64 million shares sold short, making up 6.11% of its float. This is significantly higher than the peer group average of 2.12%. The rise in short interest could indicate bearish sentiment but also presents a potential for a short squeeze.
The significant increase in short interest suggests that investors are becoming more bearish on NRG Energy. However, the high level of short interest also means there is potential for a short squeeze if the stock price starts to rise, forcing short sellers to cover their positions.
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