(SHW) - Analyzing Sherwin-Williams's Short Interest
Portfolio Pulse from Benzinga Insights
Sherwin-Williams's (NYSE:SHW) short percent of float has risen 5.47% since its last report, with 3.19 million shares sold short, which is 1.35% of all regular shares available for trading. It would take traders 2.41 days to cover their short positions on average. The company's short interest is less than most of its peers, with an average of 4.01%.
October 02, 2023 | 7:45 pm
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Sherwin-Williams's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than most of its peers.
The increase in short interest indicates that traders are expecting the price of Sherwin-Williams's stock to fall. However, the fact that its short interest is less than most of its peers could mean that the bearish sentiment is not as strong for Sherwin-Williams as it is for other companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100