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As of the close of business on Tuesday, 10/25, we captured the Top 10 Highest Short Interest % stocks within the Utilities sector.
The average short interest for stocks within the Utilities sector stands at 2.26%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.
- ORMAT TECHNOLOGIES ORA 12.22%
- ADVENT TECHNOLOGIE ADN 8.47%
- NRG ENERGY INC NRG 7.79%
- PG&E CORP PCG 7.39%
- ATMOS ENERGY CORP ATO 6.84%
- SOUTH JERSEY INDS SJI 6.06%
- PORTLAND GEN ELEC POR 5.70%
- SPIRE INC SR 5.67%
- NEW JERSEY RES CP NJR 5.11%
- BLACK HILLS CORP BKH 5.09%
Short Interest is the percentage of a stocks’ outstanding shares being sold short, which is utilized as a gauge for stock price sentiment. When short interest increases, this is generally considered a negative “bear” market indicator, whereas when short interest decreases, this is generally considered a positive “bull” market indicator.
Disclaimer:
The Short Interest Indicator is produced by Tidal Markets, in partnership with Benzinga Insights. The data represented is exclusive to short interest data amalgamated daily by Tidal Markets LLC and its underlying proprietary sources. The information contained herein should not be compared to, contrasted, or evaluated against other short interest data providers. ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE
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Image and article originally from www.benzinga.com. Read the original article here.