Peering Into Emerson Electric's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Emerson Electric's (NYSE:EMR) short percent of float has risen by 5.0% since its last report, with 5.99 million shares sold short, which is 1.05% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, Emerson Electric has less short interest, with an average of 11.10% for its peer group.
August 10, 2023 | 4:00 pm
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Emerson Electric's short interest has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that the price of Emerson Electric's stock will fall. This can put downward pressure on the stock price in the short term. However, the fact that Emerson Electric has less short interest than its peers could mean that it is less likely to experience a significant price drop compared to other companies in its peer group.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100