(CEG) - Analyzing Constellation Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Constellation Energy's (NYSE:CEG) short interest has decreased by 17.82% since the last report, with 4.62 million shares sold short, representing 1.66% of its float. The current short interest suggests it would take about 1.93 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards CEG compared to its peers, where the average short interest as a percentage of float is 2.50%.
April 22, 2024 | 3:00 pm
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Constellation Energy's short interest has significantly 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 CEG, this reduction could lead to a short-term positive impact on its stock price as it indicates less expectation of a price decline. Additionally, being below its peer group average in short interest further strengthens the bullish case.
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