(EMR) - Analyzing Emerson Electric's Short Interest
Portfolio Pulse from Benzinga Insights
Emerson Electric's (NYSE:EMR) short percent of float has fallen 13.91% since its last report, with 5.64 million shares sold short, which is 0.99% of all regular shares available for trading. It would take traders 2.24 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 12.67% for its peer group.
November 06, 2023 | 5:15 pm
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Emerson Electric's short interest has decreased, indicating a potentially more bullish market sentiment towards the company's stock.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish market sentiment as it indicates fewer investors are betting on the stock's price to fall. As such, the decrease in Emerson Electric's short interest could potentially have a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100