Peering Into American Water Works's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Water Works's (NYSE:AWK) short percent of float has risen 45.61% since its last report, with 2.85 million shares sold short, which is 1.66% of all regular shares available for trading. It would take traders 2.08 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.14%.
July 20, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The rise in short interest in American Water Works indicates a bearish sentiment among traders. However, its short interest is less than its peer group average, which could be a positive sign.
Short interest is the number of shares sold short but not yet covered. A rise in short interest indicates a bearish sentiment, meaning traders expect the stock price to fall. However, AWK's short interest is less than its peer group average, which could indicate that it is performing better than similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100