(EXP) - Analyzing Eagle Materials's Short Interest
Portfolio Pulse from Benzinga Insights
Eagle Materials (NYSE:EXP) has seen a decrease in short interest, now at 2.9% of float, down 18.08% since the last report. With 870 thousand shares sold short, it would take about 3.25 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards EXP among investors. Compared to its peers, EXP has a higher short interest percentage, with the average being 2.21%.
May 09, 2024 | 4:30 pm
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Eagle Materials has experienced a significant decrease in short interest, suggesting a potential shift towards a more bullish sentiment among investors.
The decrease in short interest for Eagle Materials indicates that fewer investors are betting on the stock's decline, which could be interpreted as a positive sentiment shift. Given the stock's higher short interest compared to its peers, this reduction is particularly noteworthy and may suggest an upcoming positive momentum in its stock price.
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