nVent Electric (NVT) has seen a 4.63% increase in its short percent of float since the last report, with 1.87 million shares sold short, representing 1.13% of available shares. This indicates a bearish market sentiment towards NVT, although it has less short interest compared to its peers' average of 10.04%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.