(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. It would take traders 1.56 days to cover their short positions on average. Compared to its peers, Eaton Corp has less short interest as a percentage of float, with an average of 12.11%.
October 24, 2023 | 1:30 pm
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Eaton Corp's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, it's important to note that this doesn't necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. However, this is just one of many factors that can influence a stock's price, and it doesn't guarantee a rise in the near term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100