Peering Into CenterPoint Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CenterPoint Energy's (NYSE:CNP) short interest has risen by 5.53%, with 12.76 million shares sold short, representing 2.67% of its float. This increase in short interest suggests a more bearish sentiment among investors. However, CNP's short interest is still below the peer group average of 3.08%.
June 18, 2024 | 2:15 pm
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CenterPoint Energy's short interest has increased by 5.53%, now at 2.67% of its float. This suggests a bearish sentiment among investors, although its short interest is still below the peer average of 3.08%.
The increase in short interest indicates that more investors are betting against the stock, which is generally a bearish signal. However, the short interest is still below the peer average, which may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100