How Is The Market Feeling About American Electric Power?
Portfolio Pulse from Benzinga Insights
American Electric Power's (NASDAQ:AEP) short percent of float has fallen 3.17% since its last report, indicating a more bullish sentiment towards the stock. The company has 6.28 million shares sold short, which is 1.22% of all regular shares available for trading. Compared to its peers, AEP has less short interest as a percentage of float, with the average being 2.24%.
June 28, 2023 | 5:45 pm
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Decrease in short interest suggests a more bullish sentiment towards AEP. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered. A decrease in short interest can signal that investors have become more bullish, potentially leading to an increase in the stock's price. Given that AEP's short interest has decreased and is lower than its peers' average, this suggests a more bullish sentiment towards the stock.
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