How Is The Market Feeling About American Electric Power?
Portfolio Pulse from Benzinga Insights
American Electric Power (NYSE:AEP) has seen a decrease in short interest, with shares sold short falling to 8.49 million, representing 1.61% of available shares. This decrease suggests a more bullish sentiment among investors compared to its peers, where the average short interest as a percentage of float is 2.51%. The article highlights the importance of tracking short interest as an indicator of market sentiment.
February 02, 2024 | 7:30 pm
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American Electric Power's short interest has decreased, indicating a more bullish sentiment among investors. This could suggest a short-term positive impact on AEP's stock price.
The decrease in short interest for American Electric Power suggests that investors are becoming more bullish on the stock. A lower percentage of shares sold short compared to its peers indicates a positive sentiment towards AEP, potentially leading to a short-term increase in its stock price.
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