Looking Into Consolidated Edison's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Consolidated Edison's (NYSE:ED) short percent of float has fallen 10.39% since its last report, with 7.10 million shares sold short, which is 2.76% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, compared to its peers, Consolidated Edison has a higher short interest as a percentage of float (1.78%).
July 07, 2023 | 2:16 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Decrease in short interest could indicate a more bullish sentiment towards Consolidated Edison. However, its higher short interest compared to peers might be a concern.
A decrease in short interest usually indicates a more bullish sentiment as fewer traders are betting on the stock's price to fall. However, the fact that Consolidated Edison has a higher short interest compared to its peers might indicate that it is more at risk of a price drop compared to other similar companies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100