How Is The Market Feeling About American Electric Power?
Portfolio Pulse from Benzinga Insights
American Electric Power (AEP) has seen a 10.2% increase in its short percent of float, now at 1.62% of available shares. This indicates a rise in bearish sentiment, although AEP's short interest is below the peer average of 2.21%.
October 04, 2024 | 1:15 pm
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American Electric Power's short interest has increased by 10.2%, reaching 1.62% of its float. This suggests a rise in bearish sentiment, but it's still below the peer average of 2.21%.
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 might be less severe.
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