How Is The Market Feeling About Enterprise Prods Partners?
Portfolio Pulse from Benzinga Insights
Enterprise Prods Partners's (NYSE:EPD) short percent of float has risen 16.0% since its last report, with 12.78 million shares sold short, which is 0.87% 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, the company has less short interest as a percentage of float, which is 3.58% on average.
July 07, 2023 | 3:16 pm
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Enterprise Prods Partners's short interest has increased, indicating a bearish sentiment among investors. However, its short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting that the price of Enterprise Prods Partners's stock will fall. This could put downward pressure on the stock price in the short term. However, the fact that its short interest is less than its peers' average could mean that it is less likely to fall than other stocks in its industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100