Looking Into Hawaiian Electric Indus's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hawaiian Electric Industries (NYSE:HE) has seen a 14.52% decrease in short interest, now at 16.07 million shares or 14.6% of float, taking 8.85 days to cover. This decline in short interest could indicate a more bullish sentiment among investors compared to its peers, where the average short interest is 5.37% of float.
April 29, 2024 | 8:45 pm
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Hawaiian Electric Industries sees a significant decrease in short interest, indicating a potential shift in market sentiment towards a more bullish outlook.
A decrease in short interest typically suggests that investors are becoming more optimistic about the company's future performance. Given that HE's short interest is significantly higher than its peers but is decreasing, it could suggest a stronger bullish sentiment specifically towards HE in the short term.
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