How Is The Market Feeling About Emerson Electric?
Portfolio Pulse from Benzinga Insights
Emerson Electric's (NYSE:EMR) short percent of float has risen 13.59% since its last report, with 6.64 million shares sold short, which is 1.17% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Emerson Electric has less short interest as a percentage of float, with an average of 10.16%.
July 07, 2023 | 3:01 pm
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Emerson Electric's short percent of float has increased, indicating a potentially bearish sentiment among investors. However, its short interest is less than its peers, which could be a positive sign.
The increase in short percent of float indicates that more investors are betting against Emerson Electric, which could put downward pressure on the stock price in the short term. However, the fact that its short interest is less than its peers could mean that it is performing better than similar companies, which could mitigate some of this downward pressure.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100