Looking Into Quanta Services's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Quanta Services's (NYSE:PWR) short percent of float has fallen 15.46% since its last report, with 4.19 million shares sold short, which is 3.28% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Quanta Services has less short interest.
August 04, 2023 | 2:11 pm
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Decrease in short interest in Quanta Services could indicate a more bullish sentiment among traders. However, it doesn't necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that traders are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so a decrease in short interest doesn't guarantee a price increase.
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