(ETN) - Analyzing Eaton Corp's Short Interest
Portfolio Pulse from Benzinga Insights
Eaton Corp's (NYSE:ETN) short percent of float has fallen 3.51% since its last report, with 4.39 million shares sold short, which is 1.1% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Eaton Corp has less short interest as a percentage of float, with an average of 12.11%.
October 06, 2023 | 2:00 pm
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Eaton Corp's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company also has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, Eaton Corp's lower short interest compared to its peers could make it a more attractive investment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100