Looking Into AES's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AES Corporation's (NYSE:AES) short interest has decreased by 36.89%, now standing at 15.48 million shares or 3.25% of its float. This decline in short interest, which now takes an average of 2.28 days to cover, could indicate a shift in market sentiment towards a more bullish outlook. Compared to its peers, AES has a higher short interest percentage of float, with the average being 1.40%. This information suggests that while short interest has decreased, AES still has a relatively high level of short interest compared to its peers, which could be interpreted in various ways by investors.
March 08, 2024 | 4:15 pm
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AES Corporation's short interest has significantly decreased, indicating a potential shift in market sentiment towards the stock. Despite this, its short interest as a percentage of float is still higher than the peer average.
The decrease in short interest suggests that investors may be becoming more optimistic about AES's future, potentially leading to an increase in its stock price in the short term. However, the fact that AES's short interest is still above its peer average indicates that there is still a considerable amount of skepticism about the stock, which could temper the positive impact on its price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90