Looking Into Constellation Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Constellation Energy's (NYSE:CEG) short percent of float has fallen 4.76% since its last report, with 7.42 million shares sold short, which is 2.6% 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, Constellation Energy has a higher short interest as a percentage of float (2.18%).
July 19, 2023 | 4:45 pm
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The decrease in short interest for Constellation Energy could indicate a more bullish sentiment towards the stock. However, its higher short interest compared to peers could still pose a risk.
A decrease in short interest usually indicates a more bullish sentiment towards a stock as fewer traders are betting on its price to fall. However, Constellation Energy's higher short interest compared to its peers could indicate that it is still viewed as a riskier investment, which could potentially impact its stock price.
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