Looking Into Ecolab's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ecolab's (NYSE:ECL) short percent of float has decreased by 9.09% since its last report, with 1.74 million shares sold short, representing 0.7% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Ecolab. Compared to its peers, Ecolab has less short interest, with an average of 3.77% for its peer group.
September 13, 2023 | 1:30 pm
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Ecolab's short percent of float has decreased, indicating a potentially more bullish market sentiment. This could lead to a positive impact on the stock's price in the short term.
A decrease in short interest often indicates a more bullish market sentiment as it means fewer investors are betting against the stock. This could lead to an increase in demand for the stock, potentially driving up its price in the short term.
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