Looking Into Xylem's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Xylem's (NYSE:XYL) short percent of float has fallen 29.91% since its last report, with 15.43 million shares sold short, representing 7.85% of all regular shares available for trading. It would take traders 9.0 days to cover their short positions on average. Xylem's peer group average for short interest as a percentage of float is 3.83%.
June 20, 2023 | 4:01 pm
News sentiment analysis
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NEUTRAL IMPACT
Xylem's short percent of float has decreased by 29.91%, indicating a potential shift in market sentiment towards the stock.
The decrease in short interest for Xylem suggests that traders may be becoming more bullish on the stock. However, this does not guarantee that the stock price will rise in the short term. The company still has a higher short interest than most of its peers, which could indicate that there is still some bearish sentiment in the market. Overall, the impact on the stock price is uncertain, so the score is neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100