(ED) - Analyzing Consolidated Edison's Short Interest
Portfolio Pulse from Benzinga Insights
Consolidated Edison's (NYSE:ED) short percent of float has fallen 7.87% since its last report, with 5.99 million shares sold short, which is 2.34% of all regular shares available for trading. This decrease in short interest could indicate a more bullish sentiment towards the stock. However, compared to its peers, Consolidated Edison has a higher short interest as a percentage of float (1.99%).
September 19, 2023 | 6:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards Consolidated Edison's stock. However, its higher short interest compared to peers could be a concern.
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, the fact that Consolidated Edison's short interest is higher than its peers' average could indicate that it is still viewed more bearishly than other similar companies.
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