Looking Into Eaton Corp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eaton Corp (NYSE:ETN) has seen a 10.08% decrease in short interest, with 4.61 million shares sold short, representing 1.16% of available shares. The average time to cover these short positions is 2.91 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Eaton Corp's short interest is below its peer group average of 12.29%.
December 18, 2023 | 2:15 pm
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Eaton Corp's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a short-term positive impact on the stock price.
The decrease in short interest for Eaton Corp indicates that fewer investors are betting against the stock, which could reduce selling pressure and potentially lead to a short-term increase in the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
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