(FE) - Analyzing FirstEnergy's Short Interest
Portfolio Pulse from Benzinga Insights
FirstEnergy's short interest has increased by 7.87%, with 12.11 million shares sold short, representing 2.74% of its float. This is higher than its peers' average of 2.08%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 30, 2024 | 8:45 pm
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FirstEnergy's short interest has increased significantly, indicating a bearish sentiment among investors. The short interest is higher than its peers, which could lead to increased volatility in the stock price.
The increase in short interest suggests that investors are expecting the stock price to fall, which is a bearish signal. The fact that FirstEnergy's short interest is higher than its peers further emphasizes this sentiment. However, short interest alone does not guarantee a price drop, but it does indicate potential volatility.
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