How Is The Market Feeling About Eaton Corp?
Portfolio Pulse from Benzinga Insights
Eaton Corp's (NYSE:ETN) short percent of float has risen 22.58% since its last report, with 4.54 million shares sold short. This represents 1.14% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Eaton Corp's short interest as a percentage of float is less than its peer group average of 11.70%.
September 19, 2023 | 3:45 pm
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Eaton Corp's short percent of float has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
The increase in short percent of float indicates that traders are expecting the price of Eaton Corp's stock to fall. However, the fact that its short interest is less than its peer group average could mean that the bearish sentiment is not as strong as it could be.
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IMPORTANCE 75
RELEVANCE 100