Peering Into FirstEnergy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
FirstEnergy (NYSE:FE) has seen a 5.18% increase in its short percent of float since the last report, with 11.63 million shares sold short, representing 2.64% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. FirstEnergy's short interest is higher than its peer group average of 2.44%.
April 16, 2024 | 5:30 pm
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FirstEnergy's short interest has increased, indicating a bearish sentiment among investors. This could lead to increased volatility in the short term.
The increase in short interest suggests that investors are more bearish on FirstEnergy, potentially leading to higher volatility in its stock price. This is significant as it represents a larger portion of the float compared to peers, indicating stronger negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100