How Is The Market Feeling About Constellation Energy?
Portfolio Pulse from Benzinga Insights
Constellation Energy's (NYSE:CEG) short percent of float has risen 6.44% since its last report, with 7.01 million shares sold short, which is 2.48% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, it's also noted that increasing short interest can be bullish for a stock. Constellation Energy's peer group average for short interest as a percentage of float is 2.17%, indicating the company has more short interest than most of its peers.
September 08, 2023 | 4:45 pm
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Constellation Energy's short percent of float has increased, indicating a bearish sentiment among investors. However, high short interest can also be bullish. The company's short interest is higher than most of its peers.
The increase in short interest indicates that investors are expecting the price of Constellation Energy's stock to fall. However, it's also noted that a high short interest can be a bullish signal as it represents potential buying pressure when short sellers cover their positions. The fact that Constellation Energy's short interest is higher than most of its peers suggests that it is under more scrutiny or negative sentiment than other similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100