How Is The Market Feeling About Ecolab?
Portfolio Pulse from Benzinga Insights
Ecolab (NYSE:ECL) has seen a 34.67% increase in its short percent of float, now at 1.01% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, Ecolab's short interest is still lower than its peer group average of 4.11%.
May 27, 2024 | 8:45 pm
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Ecolab's short percent of float has increased by 34.67%, indicating a rise in bearish sentiment. However, its short interest remains lower than the peer group average.
The increase in short interest suggests that more investors are betting against Ecolab, which could put downward pressure on the stock price in the short term. However, the short interest is still lower than the peer group average, which may mitigate some of the negative impact.
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