Constellation Energy’s (CEG) pre-earnings period shows rising short positions and a slight price decline. Despite a previous squeeze, CEG's historical trend of positive earnings returns suggests a continuation pattern. Using S3’s Black App on the Bloomberg Terminal {APPS BLACK<GO>} we analyze the data patterns.

Constellation Energy (CEG) reports on November 4.

Recently, the short position has increased while the stock price has declined.

In this case, the change in the short position is greater than the stock's return.

CEG has delivered positive returns for six consecutive earnings reports, experiencing both positive and negative surprises.

The short position fluctuates over time, often increasing when the stock price rises.

Following a recent rally, the squeeze risk reached 75, leading to a decrease in the short position as the stock price ran up, indicating a squeeze occurred.

An earnings surprise alone is not sufficient to push the indicator into squeeze territory.

Historical data shows that the stock tends to partially reverse in the week before and after earnings reports, and it is slightly down this week.

CEG has had positive returns repeatedly.

CEG’s pre-earnings trends point to likely continuity in positive returns, while recent short interest growth stabilizes its squeeze risk.

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