(AWK) - Analyzing American Water Works's Short Interest
Portfolio Pulse from Benzinga Insights
American Water Works's (NYSE:AWK) short percent of float has risen 3.01% since its last report, with 2.94 million shares sold short, which is 1.71% of all regular shares available for trading. It would take traders 3.66 days to cover their short positions on average. The company's short interest is less than most of its peers, with an average of 2.06%.
August 07, 2023 | 4:45 pm
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American Water Works's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than most of its peers.
An increase in short interest indicates that traders are expecting the price of the stock to fall. However, the fact that AWK's short interest is less than most of its peers could mean that the bearish sentiment is not as strong for AWK as it is for other companies in its peer group.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100