Looking Into Constellation Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Constellation Energy's (NYSE:CEG) short percent of float has fallen 4.23% since its last report, with 7.12 million shares sold short, which is 2.49% 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 (2.25%).
August 04, 2023 | 4:45 pm
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Constellation Energy's short interest has decreased, potentially indicating a more bullish sentiment. However, its short interest is still higher than its peers.
A decrease in short interest can indicate 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 Constellation Energy's short interest is still higher than its peers could mean that there is still a significant amount of bearish sentiment towards the stock. This could limit any potential price increase in the short term.
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