Peering Into Quanta Services's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Quanta Services's (NYSE:PWR) short percent of float has fallen 4.88% since its last report, with 3.99 million shares sold short, which is 3.12% of all regular shares available for trading. It would take traders 5.84 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.07%.
August 21, 2023 | 2:30 pm
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Quanta Services's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price.
CONFIDENCE 80
IMPORTANCE 70
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