(CEG) - Analyzing Constellation Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Constellation Energy (NYSE:CEG) has seen a 15.7% decrease in short interest since its last report, with 5.73 million shares sold short, representing 2.04% of its float. The average time to cover these short positions is 4.06 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Constellation Energy has a lower short interest compared to its peer group average of 2.20%.
November 22, 2023 | 6:45 pm
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Constellation Energy's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a rise in its price as short sellers cover their positions. However, short interest is just one of many factors that can affect stock prices, and there is no guarantee that a decrease in short interest will lead to a price increase.
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