Peering Into Williams Companies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Williams Companies (NYSE:WMB) has seen an 8.16% rise in its short percent of float, now at 2.12% with 23.04 million shares sold short. This indicates increased bearish sentiment, although it has less short interest compared to its peers. It would take traders 3.58 days to cover their short positions.
May 31, 2024 | 3:45 pm
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Williams Companies has experienced an 8.16% increase in short interest, now at 2.12% of its float. This suggests a rise in bearish sentiment, although its short interest remains lower than the peer group average of 3.79%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still lower than the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100