How Is The Market Feeling About American Electric Power?
Portfolio Pulse from Benzinga Insights
American Electric Power's (NYSE:AEP) short percent of float has risen 12.4% since its last report, with 7.44 million shares sold short, which is 1.45% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. However, compared to its peers, AEP has less short interest as a percentage of float, which is 2.25% on average.
August 17, 2023 | 8:15 pm
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The increase in short interest in AEP indicates a bearish sentiment among traders. However, compared to its peers, AEP has less short interest, which could be a positive sign.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can indicate that investors have become more bearish on a stock. However, AEP's short interest is less than its peers' average, which could indicate that it is performing better than similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100