(ETN) - Analyzing Eaton Corp's Short Interest
Portfolio Pulse from Benzinga Insights
Eaton Corp's (NYSE:ETN) short percent of float has fallen 8.82% since its last report, with 3.72 million shares sold short, which is 0.93% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Eaton Corp has less short interest as a percentage of float, with an average of 10.97%.
August 31, 2023 | 8:00 pm
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Eaton Corp's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company also has less short interest compared to its peers.
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 could potentially lead to an increase in the stock's price. Additionally, having less short interest than its peers could make Eaton Corp more attractive to investors.
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