How Is The Market Feeling About American Electric Power?
Portfolio Pulse from Benzinga Insights
American Electric Power (AEP) has seen an 8.67% increase in its short percent of float, now at 1.63% of all regular shares. This indicates a rise in bearish sentiment, although AEP's short interest is below the peer group average of 2.09%.
August 21, 2024 | 3:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
American Electric Power's short interest has increased by 8.67%, now representing 1.63% of its float. This suggests a rise in bearish sentiment, although it remains below the peer average of 2.09%.
The increase in short interest suggests that investors are becoming more bearish on AEP, which could lead to downward pressure on the stock price. However, since AEP's short interest is still below the peer average, the impact may be moderated.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100