How Is The Market Feeling About Emerson Electric?
Portfolio Pulse from Benzinga Insights
Emerson Electric's (NYSE:EMR) short percent of float has fallen 13.68% since its last report, indicating a decrease in bearish sentiment. The company has 5.76 million shares sold short, which is 1.01% of all regular shares available for trading. Compared to its peers, Emerson Electric has less short interest as a percentage of float, with an average of 11.03% for its peer group.
July 24, 2023 | 2:30 pm
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The decrease in short interest for Emerson Electric suggests a less bearish sentiment among traders, which could potentially lead to a more stable or positive price movement in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest suggests that traders are less bearish, meaning they expect the price to either stabilize or increase. Given that Emerson Electric's short interest has decreased and is lower than its peers, this could potentially lead to a more stable or positive price movement in the short term.
CONFIDENCE 80
IMPORTANCE 75
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