Looking Into American Electric Power's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Electric Power's (NYSE:AEP) short percent of float has risen 49.41% since its last report, with 6.55 million shares sold short, which is 1.27% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, AEP has less short interest as a percentage of float, which is 2.20% on average.
November 07, 2023 | 6:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Increased short interest in AEP could indicate bearish market sentiment, but its lower short interest compared to peers might be a positive sign.
The increase in short interest could indicate a bearish sentiment towards AEP. However, the fact that AEP's short interest is lower than its peers' average could be seen as a positive sign, suggesting that the market is less bearish on AEP compared to its peers.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100