(EME) - Analyzing EMCOR Group's Short Interest
Portfolio Pulse from Benzinga Insights
EMCOR Group (NYSE: EME) has seen a 22.39% increase in its short percent of float, now at 1.64% of all regular shares available for trading. This indicates a rise in bearish sentiment, although the company's short interest is still lower than its peers' average of 4.89%.
May 31, 2024 | 6:00 pm
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EMCOR Group's short interest has increased by 22.39%, now at 1.64% of float. This rise in short interest suggests growing bearish sentiment, although it remains below the peer average of 4.89%.
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