Peering Into Emerson Electric's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Emerson Electric's (NYSE:EMR) short percent of float has risen 15.38% since its last report, with 6.81 million shares sold short, which is 1.2% of all regular shares available for trading. It would take traders 2.76 days to cover their short positions on average. The company's short interest is less than its peer group average of 11.70%.
September 19, 2023 | 4:30 pm
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Emerson Electric's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, Emerson Electric's short interest is less than its peer group average, which could mean that the bearish sentiment is not as strong compared to its peers.
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