(NRG) - Analyzing NRG Energy's Short Interest
Portfolio Pulse from Benzinga Insights
NRG Energy's short interest has decreased by 11.54%, with 8.83 million shares sold short, representing 5.67% of its float. This is higher than its peers' average of 1.95%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
October 07, 2024 | 2:45 pm
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NRG Energy's short interest has decreased by 11.54%, with 8.83 million shares sold short, representing 5.67% of its float. This is higher than its peers' average of 1.95%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
The decrease in short interest suggests that traders are less bearish on NRG Energy, which could lead to a positive price movement. The fact that NRG's short interest is still higher than its peers indicates that there is still significant bearish sentiment, but the reduction is a positive sign.
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