Peering Into Public Service Enterprise's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Public Service Enterprise (NYSE:PEG) has seen a 13.51% increase in short interest, with 8.03 million shares sold short, representing 2.1% of its float. This is lower than the peer group average of 3.06%. The increase in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.
July 26, 2024 | 5:15 pm
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Public Service Enterprise (NYSE:PEG) has experienced a 13.51% increase in short interest, now at 2.1% of its float. This is below the peer group average of 3.06%. The rise in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.
The increase in short interest suggests that more investors are betting against the stock, which could indicate bearish sentiment. However, the short interest is still below the peer group average, which may mitigate the negative impact.
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