(XYL) - Analyzing Xylem's Short Interest
Portfolio Pulse from Benzinga Insights
Xylem's (NYSE:XYL) short percent of float has fallen 14.83% since its last report, with 3.50 million shares sold short, which is 1.78% of all regular shares available for trading. It would take traders 3.15 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.20%.
August 04, 2023 | 12:16 pm
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Xylem's short interest has decreased, indicating a potentially more bullish market sentiment towards the company. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. However, this does not necessarily translate into an immediate increase in stock price.
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