(ETN) - Analyzing Eaton Corp's Short Interest
Portfolio Pulse from Benzinga Insights
Eaton Corp's (NYSE:ETN) short percent of float has fallen 15.33% since its last report, with 4.60 million shares sold short, which is 1.16% of all regular shares available for trading. It would take traders 1.82 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 11.02% for its peer group.
July 25, 2023 | 7:45 pm
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Eaton Corp's short interest has decreased, indicating a potentially more bullish market sentiment towards the company's stock.
A decrease in short interest often indicates a more bullish market sentiment as it suggests fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100