Looking Into Flowserve's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Flowserve (NYSE:FLS) has seen a 10.71% increase in its short percent of float since the last report, with 1.09 million shares sold short, representing 0.93% of available shares. It would take about 1.46 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards Flowserve, although it's lower than its peer group average of 3.20% short interest as a percentage of float. This information suggests investors are showing increased bearishness but Flowserve is still less shorted compared to its peers.

February 06, 2024 | 3:00 pm
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Flowserve has experienced a 10.71% increase in short interest, indicating a bearish sentiment among investors. However, its short interest is below the peer group average, suggesting it's less bearish compared to its peers.
The increase in short interest suggests that investors are becoming more bearish on Flowserve, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average indicates that it is not as heavily shorted as others in its sector, which might limit the downside.
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IMPORTANCE 75
RELEVANCE 100