(PWR) - Analyzing Quanta Services's Short Interest
Portfolio Pulse from Benzinga Insights
Quanta Services's (NYSE:PWR) short percent of float has fallen 3.32% since its last report, with 3.72 million shares sold short, which is 2.91% of all regular shares available for trading. It would take traders 5.55 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 4.04%.
October 17, 2023 | 1:00 pm
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POSITIVE IMPACT
Quanta Services's short percent of float has decreased, indicating a potentially bullish sentiment towards the stock.
A decrease in short interest can signal that investors have become more bullish on the stock. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100