Peering Into Dominion Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dominion Energy (NYSE:D) has seen an 18.09% increase in short interest, with 18.61 million shares sold short, representing 2.22% of its float. This is lower than the peer group average of 3.12%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
June 21, 2024 | 4:45 pm
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Dominion Energy's short interest has increased by 18.09%, now at 2.22% of its float. This is below the peer average of 3.12%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a near-term price drop.
The increase in short interest suggests that more investors are betting against Dominion Energy, which could indicate bearish sentiment. However, the short interest is still below the peer average, and increased short interest does not necessarily mean the stock will fall in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100