How Is The Market Feeling About Consolidated Edison?
Portfolio Pulse from Benzinga Insights
Consolidated Edison's (NYSE:ED) short percent of float has risen 10.53% since its last report, with 6.44 million shares sold short, which is 2.52% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock, signaling that investors have become more bearish. However, increasing short interest can also be bullish for a stock.
August 10, 2023 | 3:45 pm
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Increased short interest in Consolidated Edison indicates a bearish sentiment among investors. However, this could also potentially be bullish.
The increase in short interest in Consolidated Edison's stock indicates that investors are expecting the stock price to fall, which is a bearish sentiment. However, it's also important to note that an increase in short interest can sometimes be a bullish sign, as it means there is potential for a short squeeze, which could drive the stock price up.
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