How Is The Market Feeling About Eversource Energy?
Portfolio Pulse from Benzinga Insights
Eversource Energy's (NYSE:ES) short interest has decreased by 8.76%, now standing at 4.74 million shares or 1.77% of its float. This reduction in short interest, which now takes traders approximately 1.96 days to cover, could indicate a more bullish market sentiment towards ES compared to its peers, where the average short interest is 2.49% of the float.
April 19, 2024 | 5:45 pm
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Eversource Energy's short interest has decreased, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Eversource Energy, the reduction in short interest to 1.77% of its float, below its peer average of 2.49%, could imply a stronger confidence in its market position and potential for stock price appreciation in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90