(EXC) - Analyzing Exelon's Short Interest
Portfolio Pulse from Benzinga Insights
Exelon's (NYSE:EXC) short interest has increased by 25.6%, with 15.68 million shares sold short, representing 1.57% of its float. This indicates a bearish sentiment among traders, although it's below the peer group average of 2.72%. The rise in short interest doesn't necessarily predict a near-term price drop but signals increased bearishness.
March 26, 2024 | 5:00 pm
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Exelon's short interest has risen by 25.6%, indicating a bearish sentiment among traders. However, it's still below the peer average, suggesting a moderate impact.
The increase in short interest suggests that traders are betting against Exelon, which could lead to downward pressure on the stock price in the short term. However, being below the peer average indicates that the sentiment is not as bearish compared to its peers, which might limit the downside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90