Peering Into Constellation Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Constellation Energy's (NYSE:CEG) short percent of float has fallen 6.43% since its last report, with 6.60 million shares sold short, which is 2.33% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, Constellation Energy's short interest as a percentage of float is higher than its peer group average of 2.08%.
August 22, 2023 | 7:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards Constellation Energy. However, its short interest is higher than its peer group average, which could indicate potential volatility.
A decrease in short interest usually indicates a more bullish sentiment towards a stock, as fewer traders are betting on its price to fall. However, Constellation Energy's short interest is higher than its peer group average, which could indicate that traders are more bearish on this stock compared to its peers. This could lead to potential volatility in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100