How Is The Market Feeling About American Electric Power?
Portfolio Pulse from Benzinga Insights
American Electric Power (NYSE:AEP) has seen a 9.33% increase in short percent of float since its last report, with 8.64 million shares sold short, representing 1.64% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. AEP's short interest is below its peer group average of 2.56%, suggesting less bearish sentiment compared to its peers.
March 01, 2024 | 5:15 pm
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AEP's increase in short interest suggests a bearish market sentiment, but it's still below the peer average, indicating less negativity compared to peers.
The rise in short interest for AEP indicates that investors are becoming more bearish on the stock. However, being below the peer average suggests that the sentiment is not as negative as it could be. This mixed signal could lead to short-term price volatility as the market digests this information.
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