Sempra Energy (NYSE:SRE) experienced a significant 26.7% decline in short interest in January, totaling 8,681,923 shares, which translates to a 1.5-day days-to-cover ratio. The stock is currently trading near its 52-week high, with analysts giving it a “Moderate Buy” consensus rating and an average price target of $95.83. Despite insider selling activity totaling over $1.39 million in the last quarter, institutional investors own a substantial 89.65% of the company’s stock.
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Sempra Energy (NYSE:SRE) Short Interest Down 26.7% in January
Sempra Energy (NYSE:SRE) experienced a significant 26.7% decline in short interest in January, totaling 8,681,923 shares, which translates to a 1.5-day days-to-cover ratio. The stock is currently trading near its 52-week high, with analysts giving it a “Moderate Buy” consensus rating and an average price target of $95.83. Despite insider selling activity totaling over $1.39 million in the last quarter, institutional investors own a substantial 89.65% of the company’s stock.