Looking Into Pinnacle West Capital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Pinnacle West Capital (NYSE:PNW) has seen a 7.07% increase in short interest, with 5.0% of its float sold short. This is higher than its peers' average of 1.39%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 09, 2024 | 3:00 pm
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Pinnacle West Capital's short interest has increased by 7.07%, now at 5% of its float, indicating bearish sentiment. This is significantly higher than the peer average of 1.39%, suggesting potential volatility.
The increase in short interest to 5% of float, significantly above the peer average, indicates bearish sentiment. This could lead to downward pressure on the stock price in the short term, as more investors are betting against the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100