Looking Into Hawaiian Electric Indus's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hawaiian Electric Industries (NYSE:HE) has seen a 3.57% increase in short interest, with 23.64 million shares sold short, representing 21.49% of its float. This is significantly higher than its peers' average short interest of 4.62%. It would take traders 14.45 days to cover their short positions.
June 12, 2024 | 2:00 pm
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Hawaiian Electric Industries has experienced a 3.57% increase in short interest, now at 21.49% of its float. This is significantly higher than its peers' average short interest of 4.62%.
The significant increase in short interest suggests that investors are bearish on Hawaiian Electric Industries. This could lead to downward pressure on the stock price in the short term.
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