How Is The Market Feeling About Ecolab?
Portfolio Pulse from Benzinga Insights
Ecolab's (NYSE:ECL) short percent of float has risen 4.29% since its last report, with 1.82 million shares sold short. This represents 0.73% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Ecolab's short interest as a percentage of float is less than its peer group average of 4.04%.
October 02, 2023 | 7:45 pm
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Ecolab's short percent of float has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
An increase in short interest can indicate a bearish market sentiment, which could potentially lead to a decrease in the stock price. However, Ecolab's short interest as a percentage of float is less than its peer group average, which could mitigate some of the potential negative impact.
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IMPORTANCE 75
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