Peering Into IES Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
IES Hldgs (NYSE:IESC) has seen a 17.14% increase in short interest since its last report, with 171 thousand shares sold short, representing 2.05% of its float. The short interest in IESC is lower than its peer group average of 4.81%. This rise in short interest indicates a more bearish market sentiment towards IESC, but it's also noted that an increase in short interest can sometimes be bullish for a stock.
May 06, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
IES Hldgs has experienced a significant increase in short interest, indicating a bearish sentiment among investors. However, its short interest is still below the peer group average.
The increase in short interest for IES Hldgs suggests that investors are becoming more bearish on the stock. However, the fact that it is below the peer group average and the notion that increasing short interest can sometimes be bullish provides a mixed outlook. Therefore, the short-term impact on the stock price is uncertain, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90