Looking Into Consolidated Edison's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Consolidated Edison's (NYSE:ED) short percent of float has fallen 16.3% since its last report, with 5.95 million shares sold short, which is 2.31% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, the company's short interest as a percentage of float is higher than its peer group average of 1.83%.

July 24, 2023 | 5:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards Consolidated Edison. However, its short interest is higher than its peer group average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, the fact that Consolidated Edison's short interest as a percentage of float is higher than its peer group average could indicate that there is still significant bearish sentiment towards the stock.
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IMPORTANCE 70
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