(AEP) - Analyzing American Electric Power's Short Interest
Portfolio Pulse from Benzinga Insights
American Electric Power's (NYSE:AEP) short percent of float has risen 5.74% since its last report, with 6.64 million shares sold short, which is 1.29% of all regular shares available for trading. It would take traders 1.68 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 2.24%.
July 17, 2023 | 6:00 pm
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American Electric Power's short interest has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, the fact that AEP has less short interest than most of its peers could mean that it is less likely to experience a significant price drop in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100