Looking Into Edison Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Edison Intl's (NYSE:EIX) short percent of float has risen 7.23% since its last report, with 7.08 million shares sold short, which is 2.67% of all regular shares available for trading. It would take traders 5.52 days to cover their short positions on average. The company's short interest is higher than its peer group average of 2.03%.
September 04, 2023 | 3:45 pm
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Edison Intl's short interest has increased, indicating a bearish sentiment among traders. However, this does not necessarily mean the stock price will fall in the near term.
Short interest is the number of shares sold short but not yet covered. An increase in short interest can indicate a bearish market sentiment, suggesting that traders expect the stock price to fall. However, this is not a guaranteed outcome and other market factors can influence the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100