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BKH
Feb 7, 2024 18:26:24 GMT
Post by catdog on Feb 7, 2024 18:26:24 GMT
I am watching Black Hills Corporation and expect to buy a starter position soon. It is a utility that delivers electricity and natural gas to the upper plains area. My concern is short interest. According to Fidelity it is currently at 3.47% short interest. I normally am concerned if I see more than 1%, but I am not a very educated investor. Any opinions on weather I should be concerned about 3.47% short interest on this stock? Thanks for all responses.
Catdog
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BKH
Feb 7, 2024 19:02:31 GMT
Post by uncleharley on Feb 7, 2024 19:02:31 GMT
I would be more concerned about the trend in the number of shares short rather than the current number. Info on FIDO indicates that the number of shorts have decreased since the prior report. This would be considered bullish since someone is covering their shorts.
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BKH
Feb 7, 2024 20:32:31 GMT
Post by catdog on Feb 7, 2024 20:32:31 GMT
Thanks UH.
Catdog
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