Peering Into FirstEnergy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
FirstEnergy's short interest has decreased by 4.18%, with 11.14 million shares sold short, representing 2.52% of its float. This is higher than its peers' average of 1.30%. The decrease in short interest may indicate a more bullish sentiment.
September 09, 2024 | 6:00 pm
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FirstEnergy's short interest has decreased by 4.18%, now at 2.52% of its float, which is higher than the peer average of 1.30%. This decrease may suggest a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against FirstEnergy, which could indicate a more positive outlook. The fact that its short interest is still higher than peers suggests that there is still some bearish sentiment, but the trend is moving towards bullishness.
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