Looking Into Enterprise Prods Partners's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Enterprise Prods Partners (NYSE:EPD) has seen a 13.45% increase in short interest, with 19.68 million shares sold short, representing 1.35% of its float. It would take about 3.35 days to cover these short positions. Short interest is a key indicator of market sentiment, and an increase suggests a more bearish outlook. However, EPD's short interest is below its peer group average of 3.48%, indicating less bearish sentiment compared to its peers.
March 07, 2024 | 4:30 pm
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Enterprise Prods Partners has experienced a significant increase in short interest, suggesting a bearish market sentiment. However, its short interest remains below the peer group average.
The increase in short interest for EPD indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price in the short term. However, being below the peer average suggests that the sentiment is not as bearish as it could be, moderating the potential impact.
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