Looking Into Consolidated Edison's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Consolidated Edison (NYSE:ED) has seen a 14.12% decrease in short interest since its last report, with 5.75 million shares sold short, representing 2.25% of its float. The average time to cover these short positions is 2.03 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, Consolidated Edison has a lower short interest percentage of float, with the peer group average at 2.79%.
November 10, 2023 | 4:00 pm
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Consolidated Edison's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a positive impact on the stock price in the short term. However, the article also cautions that this does not necessarily mean the stock will rise, so while the impact is likely positive, there is some uncertainty.
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