Looking Into American Electric Power's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Electric Power (NYSE:AEP) has seen a 19.82% decrease in short interest, now at 9.35 million shares or 1.78% of float, taking 2.85 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards AEP compared to its peers, where the average short interest is 2.49% of float.
April 30, 2024 | 2:45 pm
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A significant decrease in short interest for American Electric Power suggests a potential increase in bullish sentiment among investors.
The decrease in short interest for AEP indicates that fewer investors are betting against the stock, which could lead to less selling pressure and potentially higher stock prices in the short term. This change is significant compared to its peers, suggesting a more favorable market sentiment towards AEP.
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