Peering Into Enterprise Prods Partners's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Enterprise Prods Partners (NYSE:EPD) has seen a 5.83% increase in short interest, now at 18.53 million shares or 1.27% of float, taking 4.49 days on average to cover. This rise in short interest signals a more bearish market sentiment towards EPD, though it has less short interest compared to its peers' average of 3.95%.
April 26, 2024 | 8:15 pm
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Enterprise Prods Partners's short interest has increased, indicating a bearish market sentiment but still below peer average.
The increase in short interest for EPD suggests that investors are becoming more bearish on the stock. However, the fact that EPD's short interest is below its peer group average might mitigate the negative impact. The short interest ratio indicates a moderate level of bearish sentiment but also shows that the market does not overwhelmingly expect the stock to decline, given the relatively low percentage of float shorted compared to peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100