How Is The Market Feeling About Public Service Enterprise?
Portfolio Pulse from Benzinga Insights
Public Service Enterprise (NYSE:PEG) has seen a 10.95% decrease in its short percent of float, now at 1.87%. This is lower than its peers' average of 3.02%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 22, 2024 | 8:15 pm
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Public Service Enterprise's short interest has decreased by 10.95%, now at 1.87% of float, which is below the peer average of 3.02%. This may suggest a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a sign of increased confidence or bullish sentiment. Additionally, PEG's short interest is lower than its peers, further supporting a positive outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100