Peering Into American Water Works's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Water Works (NYSE:AWK) has seen a 10.91% decrease in short interest since its last report, with 2.53 million shares sold short, representing 1.47% of its float. The average time to cover these short positions is 2.05 days. A decrease in short interest can indicate a more bullish sentiment from investors. AWK's short interest is below its peer group average of 1.64%.
November 22, 2023 | 3:30 pm
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American Water Works's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a positive impact on the stock price in the short term. 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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IMPORTANCE 60
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