(ECL) - Analyzing Ecolab's Short Interest
Portfolio Pulse from Benzinga Insights
Ecolab's (NYSE:ECL) short percent of float has fallen 12.5% since its last report, with 1.91 million shares sold short, which is 0.77% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Ecolab. Compared to its peers, Ecolab has less short interest, with an average of 3.62% for its peer group.
August 25, 2023 | 8:00 pm
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Ecolab's short interest has decreased, which could indicate a more bullish sentiment towards the company. This, along with the fact that it has less short interest than its peers, could potentially impact the stock positively in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Ecolab has less short interest than its peers, could potentially lead to a positive impact on the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100