(PNW) - Analyzing Pinnacle West Capital's Short Interest
Portfolio Pulse from Benzinga Insights
Pinnacle West Capital's short interest has decreased by 37.73%, with 3.04 million shares sold short, representing 3.07% of the float. This is higher than the peer average of 1.93%. The decrease in short interest may indicate a more bullish sentiment.
October 25, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Pinnacle West Capital's short interest has decreased significantly, suggesting a potential shift towards a more bullish market sentiment. The current short interest is 3.07% of the float, which is higher than the peer average of 1.93%.
The significant decrease in short interest suggests that traders are less bearish on Pinnacle West Capital. Although the short interest is still higher than the peer average, the reduction could indicate a shift in sentiment, potentially leading to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100