National Grid Soars 6.08% on Rate Hike Hopes, Short Interest Drops 29.5%

On April 3, 2025, National Grid's stock surged by 6.08% in pre-market trading, indicating a strong start to the day's session.

National Grid's stock has been a subject of interest among investors, with discussions revolving around its potential to reach £11 as market conditions improve. This optimism is likely driven by recent developments in the energy sector, including proposals for rate increases aimed at enhancing grid resilience and efficiency.

Additionally, there has been a notable decrease in short interest for National Grid, with a 29.5% drop in shorted shares from February to March. This reduction suggests a shift in market sentiment, with fewer investors betting against the company's stock. Such a change can be indicative of growing confidence in National Grid's future performance and stability.