Peering Into American Electric Power's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Electric Power (NYSE:AEP) has seen a 27.17% increase in its short percent of float, now at 2.2% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, AEP's short interest is still below the peer group average of 2.34%.
June 11, 2024 | 4:30 pm
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American Electric Power's short interest has increased by 27.17%, now at 2.2% of float. This rise in short interest suggests growing bearish sentiment, but it remains below the peer average of 2.34%.
The significant increase in short interest indicates that more investors are betting against AEP, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100