(ETN) - Analyzing Eaton Corp's Short Interest
Portfolio Pulse from Benzinga Insights
Eaton Corp's (NYSE:ETN) short percent of float has fallen 9.27% since its last report, with 5.47 million shares sold short, which is 1.37% of all regular shares available for trading. It would take traders 2.67 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 10.15% for its peer group.
July 07, 2023 | 5:31 pm
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Eaton Corp's short interest has decreased, indicating a potentially more bullish market sentiment towards the company. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the company, potentially leading to an increase in stock price. However, other factors also influence stock price, so the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100