How Is The Market Feeling About Entegris?
Portfolio Pulse from Benzinga Insights
Entegris (NYSE:ENTG) has seen a decrease in short interest, with the short percent of float falling 10.38% since the last report, now at 3.8% of all shares available for trading. This decline in short interest could indicate a more bullish sentiment towards ENTG among traders. Compared to its peers, Entegris has a lower short interest percentage, with the average for its peer group being 6.21%.

March 13, 2024 | 6:00 pm
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Entegris has experienced a significant decrease in short interest, indicating a potential shift towards a more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a company's future prospects. For Entegris, this reduction in short interest could lead to a positive short-term impact on its stock price as it indicates a shift in market sentiment. Additionally, having a lower short interest compared to its peers further strengthens the case for potential upward movement in ENTG's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100