Peering Into EMCOR Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
EMCOR Group (NYSE:EME) has seen a 50% increase in its short percent of float, now at 2.25%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 5.43%. Traders should be aware of the increased short interest.
July 03, 2024 | 2:45 pm
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EMCOR Group's short interest has increased by 50%, now at 2.25% of float. This rise in short interest suggests growing bearish sentiment, although it remains below the peer average of 5.43%.
The 50% increase in short interest indicates that more traders are betting against EMCOR Group, which could put downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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