(ECL) - Analyzing Ecolab's Short Interest
Portfolio Pulse from Benzinga Insights
Ecolab's (NYSE:ECL) short percent of float has risen 21.92% since its last report, with 2.20 million shares sold short, which is 0.89% of all regular shares available for trading. It would take traders 2.1 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Ecolab's peer group average for short interest as a percentage of float is 3.77%, which means the company has less short interest than most of its peers.
July 26, 2023 | 5:15 pm
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Ecolab's short percent of float has risen 21.92% since its last report, indicating a bearish sentiment among investors. However, the company has less short interest than most of its peers.
The increase in Ecolab's short percent of float indicates that more investors are betting on the company's stock price to fall, which is a bearish signal. However, the fact that Ecolab has less short interest than most of its peers could mean that the market sentiment towards the company is not as negative as it seems.
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IMPORTANCE 75
RELEVANCE 100