Looking Into Enterprise Prods Partners's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Enterprise Prods Partners (NYSE:EPD) has seen a decrease in short interest, with the short percent of float dropping 8.15% since the last report. The company has 18.07 million shares sold short, which is 1.24% of available shares, taking an average of 3.88 days to cover. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average short interest of 3.72%.
November 13, 2023 | 5:30 pm
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Enterprise Prods Partners's short interest has decreased, suggesting a more bullish market sentiment and potentially less downward pressure on the stock price in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could reduce selling pressure and potentially lead to a rise in the stock price. However, short interest is just one of many factors that can affect stock prices, and the impact may not be immediate or significant.
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