Peering Into Edison Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Edison Intl's (NYSE:EIX) short interest has increased by 25.51% since the last report, with 6.56 million shares sold short, representing 2.46% of its float. It would take about 3.07 days to cover these short positions. An increase in short interest can indicate bearish market sentiment, but Edison Intl has less short interest compared to its peer average of 2.67%.

March 20, 2024 | 7:45 pm
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NEUTRAL IMPACT
Edison Intl's short interest has risen by 25.51%, indicating a bearish sentiment among investors. However, its short interest is still below the peer average, suggesting a relatively stronger position.
The increase in short interest for Edison Intl suggests that investors might be expecting the stock price to decline, which is typically a bearish signal. However, the fact that its short interest is below the peer average could mitigate the negative impact, as it indicates that Edison Intl is not as heavily shorted as its competitors. This mixed signal leads to a neutral short-term price direction prediction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90