Peering Into Hawaiian Electric Indus's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hawaiian Electric Industries (NYSE:HE) has seen a 13.61% increase in short interest, with 20.39 million shares sold short, representing 18.53% of its float. This is significantly higher than its peers' average short interest of 4.88%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.
May 20, 2024 | 2:00 pm
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Hawaiian Electric Industries has experienced a significant increase in short interest, now at 18.53% of its float. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The significant increase in short interest suggests that investors are becoming more bearish on Hawaiian Electric Industries. However, the high short interest also presents a potential for a short squeeze, which could lead to a rapid increase in the stock price if short sellers are forced to cover their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100