(PWR) - Analyzing Quanta Services's Short Interest
Portfolio Pulse from Benzinga Insights
Quanta Services (NYSE:PWR) has seen a 6.1% decrease in short interest since its last report, with 4.13 million shares sold short, representing 3.23% of its float. The average time to cover these short positions is 4.14 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Quanta Services has a lower short interest compared to its peer group average of 4.02%.
December 26, 2023 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Quanta Services has experienced a decrease in short interest, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
The reduction in short interest for Quanta Services indicates that fewer traders are betting against the stock, which could reduce selling pressure and lead to a potential increase in the stock price in the short term. However, short interest is just one of many factors that can affect stock prices, and the actual movement will depend on broader market trends and company-specific news.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100