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 since its last report, with 19.68 million shares sold short, representing 1.35% of its float. The current short interest suggests a bearish market sentiment, although it's lower than the peer group average of 3.68%. The article highlights the importance of tracking short interest as an indicator of market sentiment.
March 28, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Enterprise Prods Partners's short interest has increased, indicating a bearish market sentiment but remains below its peer group average.
The increase in short interest for EPD suggests that investors are becoming more bearish on the stock. However, since the short interest is still below the peer group average, it indicates that while there is a negative sentiment, it may not be as strong as it could be. This could lead to short-term price pressure on EPD, but the lower than average short interest compared to peers might mitigate some of the negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90