How Is The Market Feeling About Constellation Energy?
Portfolio Pulse from Benzinga Insights
Constellation Energy's (NYSE:CEG) short percent of float has fallen 9.02% since its last report, with 6.84 million shares sold short, which is 2.42% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, Constellation Energy's short interest as a percentage of float is higher than its peer group average of 2.14%.
November 06, 2023 | 7:15 pm
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The decrease in short interest for Constellation Energy could indicate a more bullish sentiment towards the stock. However, its short interest is still higher than its peer group average, which could suggest some caution.
A decrease in short interest often indicates a more bullish sentiment towards a stock as it suggests fewer investors are betting on its price to fall. However, Constellation Energy's short interest is still higher than its peer group average, which could suggest that there is still a significant number of investors expecting its price to decrease.
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