Looking Into Emerson Electric's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Emerson Electric's (NYSE:EMR) short percent of float has fallen 15.74% since its last report, with 5.19 million shares sold short, representing 0.91% of all regular shares available for trading. The company's peer group average for short interest as a percentage of float is 9.41%.
May 18, 2023 | 4:15 pm
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Emerson Electric's short percent of float has decreased by 15.74%, indicating a potential shift in market sentiment towards the stock.
A decrease in short interest can signal that investors have become more bullish on the stock. With Emerson Electric's short percent of float falling 15.74%, it indicates that traders may be less bearish on the stock, which could lead to a short-term increase in its price.
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