Looking Into Sherwin-Williams's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sherwin-Williams's (NYSE:SHW) short percent of float has risen 14.78% since its last report, with 3.13 million shares sold short, which is 1.32% of all regular shares available for trading. It would take traders 2.43 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Sherwin-Williams's peer group average for short interest as a percentage of float is 3.60%, which means the company has less short interest than most of its peers.
September 07, 2023 | 5:15 pm
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Sherwin-Williams's short percent of float has risen 14.78% since its last report, indicating a bearish sentiment among investors. However, the company has less short interest than most of its peers.
The increase in short interest indicates that investors are expecting the price of Sherwin-Williams's stock to fall. However, the company's short interest is less than its peers, which could mean that it is performing better than similar companies in the market.
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IMPORTANCE 75
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