Short interest in ALLETE Inc (NYSE:ALE) increased during the last reporting period, rising from 825.75K to 997.69K. This put 2.31% of the company's publicly available shares short.

Short interest for ALLETE gives investors a sense of the degree to which investors are betting on the decline of ALLETE's stock. Short interest data is updated every two weeks.

Based on the recent average volume of 275.74K shares traded per day, it would take 3.62 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.