How Is The Market Feeling About NRG Energy?
Portfolio Pulse from Benzinga Insights
NRG Energy's short percent of float has risen 11.8%, with 12.56 million shares sold short, representing 7.96% of all regular shares available for trading. This is higher than the peer group average of 2.29%. Increased short interest can indicate bearish sentiment but can also be bullish if short sellers are forced to cover their positions.
June 27, 2024 | 4:45 pm
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NRG Energy's short interest has increased by 11.8%, with 12.56 million shares sold short, representing 7.96% of the float. This is significantly higher than the peer group average of 2.29%.
The significant increase in short interest suggests that investors are becoming more bearish on NRG Energy. This could lead to downward pressure on the stock price in the short term as more investors bet against the company.
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