(ETR) - Analyzing Entergy's Short Interest
Portfolio Pulse from Benzinga Insights
Entergy's short interest has increased by 4.43%, with 3.10 million shares sold short, representing 1.65% of its float. This is below the peer group average of 2.13%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 30, 2024 | 4:45 pm
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Entergy's short interest has increased by 4.43%, with 3.10 million shares sold short, representing 1.65% of its float. This is below the peer group average of 2.13%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests that investors are becoming more bearish on Entergy, which could lead to downward pressure on the stock price. However, since the short interest is still below the peer average, the impact might be limited.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100