How Is The Market Feeling About Public Service Enterprise?
Portfolio Pulse from Benzinga Insights
Public Service Enterprise's (NYSE:PEG) short percent of float has fallen 5.0% since its last report, indicating a more bullish sentiment towards the stock. The company has 6.73 million shares sold short, which is 1.52% of all regular shares available for trading. Compared to its peers, Public Service Enterprise has less short interest.
August 10, 2023 | 8:00 pm
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POSITIVE IMPACT
Public Service Enterprise's short percent of float has decreased, indicating a more bullish sentiment towards the stock. This could potentially lead to a positive impact on the stock's price in the short term.
A decrease in short interest can signal that investors have become more bullish towards a particular stock. This means that they expect the stock's price to rise in the future. As such, the decrease in short interest for Public Service Enterprise could potentially lead to a positive impact on the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100