(EIX) - Analyzing Edison Intl's Short Interest
Portfolio Pulse from Benzinga Insights
Edison Intl's (NYSE:EIX) short percent of float has fallen 5.21% since its last report, with 7.22 million shares sold short, which is 2.73% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, compared to its peers, Edison Intl has a higher short interest as a percentage of float (2.17%).
July 07, 2023 | 2:16 pm
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Edison Intl's short interest has decreased, potentially indicating a more bullish sentiment. However, its short interest is higher than its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as fewer traders are betting on the stock's price to fall. However, Edison Intl's short interest is higher than its peers, which could indicate a more bearish sentiment compared to similar companies. This mixed signal makes it difficult to predict the short-term price direction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100