How Is The Market Feeling About Edison Intl?
Portfolio Pulse from Benzinga Insights
Edison International (NYSE:EIX) has seen a 6.37% increase in its short percent of float, now at 1.67% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, EIX's short interest is still below the peer group average of 2.41%.
June 12, 2024 | 7:45 pm
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Edison International's short percent of float has increased by 6.37%, indicating a rise in bearish sentiment. However, its short interest remains below the peer group average.
The increase in short interest suggests that more investors are betting against EIX, which could put 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