Looking Into American Water Works's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Water Works (NYSE:AWK) has seen an 11.41% increase in short interest since its last report, with 2.86 million shares sold short, representing 1.66% of available shares. It would take about 2.38 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. AWK's short interest is slightly below its peer group average of 1.67%.
December 19, 2023 | 7:02 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
American Water Works's short interest has increased, which may indicate bearish sentiment, but it remains below the peer average, suggesting a neutral to slightly negative outlook in the short term.
The increase in short interest for AWK suggests that some investors are expecting the price to fall, which could lead to a negative impact on the stock price. However, since the short interest is below the peer average, the sentiment is not overwhelmingly bearish, and the impact may be limited. The short-term impact is likely to be neutral to slightly negative, depending on market perception and broader market trends.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80