Peering Into Edison Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Edison Intl's (NYSE:EIX) short percent of float has fallen 8.99% since its last report, with 6.71 million shares sold short, which is 2.53% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, compared to its peers, Edison Intl has a higher short interest as a percentage of float (2.13%).
October 16, 2023 | 7:30 pm
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Edison Intl's short interest has decreased, potentially indicating a more bullish sentiment. However, its short interest is higher than its peers' average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as fewer traders are betting on its price to fall. However, the fact that Edison Intl's short interest is higher than its peers' average could mean that it is still viewed more bearishly than other similar companies. This mixed signal makes it difficult to predict the short-term price direction.
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