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.
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