(AEP) - Analyzing American Electric Power's Short Interest
Portfolio Pulse from Benzinga Insights
American Electric Power's (NYSE:AEP) short interest has increased by 17.46% since the last report, with 11.70 million shares sold short, representing 2.22% of its float. It would take approximately 2.54 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards AEP, although it has less short interest compared to its peer group average of 2.67%. This information suggests investors are showing increased bearishness but AEP is still performing better in this aspect than most of its peers.
April 04, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
American Electric Power's short interest has risen, indicating increased bearish sentiment. However, it's performing better than its peers in terms of short interest.
The increase in short interest suggests that investors are becoming more bearish on AEP, potentially leading to downward pressure on its stock price in the short term. However, the fact that AEP has less short interest than its peers might mitigate some of the negative impact, indicating a relatively stronger position within its peer group.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100