Peering Into Public Service Enterprise's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Public Service Enterprise's (NYSE:PEG) short percent of float has risen 9.21% since its last report, with 7.34 million shares sold short, which is 1.66% of all regular shares available for trading. It would take traders 3.1 days to cover their short positions on average. The company's short interest is less than its peer group average of 1.87%.
August 31, 2023 | 6:15 pm
News sentiment analysis
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NEGATIVE IMPACT
Public Service Enterprise's short percent of float has risen 9.21%, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average of 1.87%.
The rise in short percent of float indicates that traders are expecting the price of Public Service Enterprise's stock to fall. However, the fact that its short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100