(XYL) - Analyzing Xylem's Short Interest
Portfolio Pulse from Benzinga Insights
Xylem's (NYSE:XYL) short percent of float has fallen 17.72% since its last report, with 4.10 million shares sold short, which is 2.09% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Xylem. Compared to its peers, Xylem has less short interest as a percentage of float, with the average being 3.56%.
July 17, 2023 | 2:01 pm
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The decrease in short interest in Xylem could indicate a more bullish sentiment towards the company's stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. In the case of Xylem, the short percent of float has fallen 17.72%, which could indicate a more bullish sentiment towards the company's stock.
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