(ED) - Analyzing Consolidated Edison's Short Interest
Portfolio Pulse from Benzinga Insights
Consolidated Edison's (NYSE:ED) short interest has increased by 7.06% since the last report, with 6.99 million shares sold short, representing 2.73% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 3.27%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.
March 28, 2024 | 8:15 pm
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Consolidated Edison's short interest has risen, indicating increased bearish sentiment. However, it's still below its peer average.
The increase in short interest suggests that investors are becoming more bearish on ED, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative impact, indicating that while bearish, the sentiment is not as strong as it could be.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90