Peering Into Ecolab's Recent Short Interest
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, which is 0.73% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Ecolab has less short interest as a percentage of float, which is 4.08% on average.
October 18, 2023 | 6:15 pm
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Ecolab's short interest has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment towards the stock. However, Ecolab's short interest is less than its peers, which could mean that the market is less bearish on Ecolab compared to its peers. This could potentially limit the downside risk for Ecolab's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100