How Is The Market Feeling About Ecolab?
Portfolio Pulse from Benzinga Insights
Ecolab (NYSE:ECL) has seen a decrease in short interest, with the short percent of float dropping 4.88% since the last report. The company has 1.94 million shares sold short, which is 0.78% of available shares, taking traders an average of 1.53 days to cover short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Ecolab's short interest is below its peer group average of 4.02%.
November 24, 2023 | 1:45 pm
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Ecolab's short interest has decreased, which may suggest a more bullish sentiment among investors. The company's short interest is lower than the peer group average, potentially indicating a positive outlook.
The decrease in short interest for Ecolab suggests that investors are becoming more optimistic about the company's future performance. Since short interest is an indicator of market sentiment, a lower percentage of shares sold short compared to peers could lead to a short-term positive impact on Ecolab's stock price.
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