Looking Into American Water Works's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Water Works's (NYSE:AWK) short percent of float has risen 9.68% since its last report, with 2.92 million shares sold short, which is 1.7% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, AWK has less short interest as a percentage of float, which is 2.30% on average.
September 15, 2023 | 1:00 pm
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The increase in short interest in American Water Works could indicate a bearish sentiment among investors. However, compared to its peers, AWK has less short interest, which could be a positive sign.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, while a decrease can signal they have become more bullish. In the case of AWK, the increase in short interest could indicate a bearish sentiment among investors. However, when compared to its peers, AWK has less short interest, which could be interpreted as a positive sign.
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IMPORTANCE 70
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