Looking Into Edison Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Edison Intl's (NYSE:EIX) short percent of float has decreased by 3.33% since its last report, with 6.92 million shares sold short, representing 2.61% 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, Edison Intl has a higher short interest as a percentage of float, which stands at 2.09% on average.
July 26, 2023 | 6:01 pm
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Edison Intl's short interest has decreased, potentially indicating a shift towards a more bullish sentiment. However, its short interest is higher than its peers' average.
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, the fact that Edison Intl's short interest is higher than its peers' average could indicate that the market is more bearish on EIX compared to similar companies. This mixed signal makes it difficult to predict the short-term price direction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100