(WMB) - Analyzing Williams Companies's Short Interest
Portfolio Pulse from Benzinga Insights
Williams Companies (NYSE:WMB) has seen a 15.82% increase in short interest, now at 22.31 million shares or 2.05% of float, taking 3.04 days on average to cover. This rise in short interest signals a more bearish market sentiment towards WMB, although it has less short interest compared to its peers' average of 3.90%. The increase in short interest doesn't necessarily predict a price drop but indicates heightened short selling activity.
April 05, 2024 | 1:15 pm
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Williams Companies has experienced a significant increase in short interest, indicating a bearish market sentiment but still below peer average.
The increase in short interest suggests that investors are more bearish on WMB, potentially leading to increased selling pressure and a short-term price decline. However, being below the peer average in short interest might mitigate some negative impact.
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