How Is The Market Feeling About American Water Works?
Portfolio Pulse from Benzinga Insights
American Water Works (NYSE:AWK) has seen a decrease in short interest, with the short percent of float dropping 5.36% since the last report. The company has 2.74 million shares sold short, which is 1.59% of available shares for trading. The average time to cover these short positions is 3.65 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on AWK. Compared to its peers, AWK has a slightly higher short interest percentage of 1.58%. The article suggests that a decrease in short interest does not necessarily predict a near-term price rise.
January 16, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
American Water Works's short interest has decreased, suggesting a more bullish sentiment among investors. However, the article indicates this does not guarantee a near-term price increase.
While a decrease in short interest can be a positive sign for a stock, the article clearly states that this does not necessarily mean that American Water Works's stock price will rise in the near term. Therefore, the impact on the stock price is neutral in the short term, but investor sentiment appears to be more positive.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 100