(ENTG) - Analyzing Entegris's Short Interest
Portfolio Pulse from Benzinga Insights
Entegris (NYSE:ENTG) has seen a decrease in short interest, now at 2.79% of its float, down 3.12% from the last report. With 4.20 million shares sold short, it would take about 3.32 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards ENTG among investors. Compared to its peers, Entegris has a lower short interest percentage, with the average for its peer group at 6.45%.
May 06, 2024 | 3:15 pm
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Entegris's short interest has decreased, suggesting a more bullish market sentiment towards the stock. This could potentially lead to a short-term positive impact on ENTG's stock price.
A decrease in short interest often signals a more bullish sentiment from investors, as it indicates fewer bets against the stock's future performance. Given that Entegris's short interest is now lower than its peer average, this could be interpreted as a positive sign by the market, potentially leading to an uptick in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90