How Is The Market Feeling About Constellation Energy?
Portfolio Pulse from Benzinga Insights
Constellation Energy (NYSE:CEG) has seen a 65.96% increase in its short percent of float, now at 2.34% of all regular shares. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 2.37%.
June 18, 2024 | 7:45 pm
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Constellation Energy's short percent of float has increased by 65.96%, now at 2.34%. This rise in short interest suggests growing bearish sentiment, but it remains below the peer group average of 2.37%.
The significant increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100