Looking Into Eagle Materials's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eagle Materials (NYSE:EXP) has seen a 45.02% increase in short interest, now at 4.51% of its float. This is higher than its peers' average of 2.44%. It would take traders 4.69 days to cover their short positions.
July 05, 2024 | 2:58 pm
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Eagle Materials has experienced a significant increase in short interest, now at 4.51% of its float, which is higher than its peers' average. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The significant increase in short interest suggests bearish sentiment among traders. However, the higher short interest compared to peers could also lead to a short squeeze if the stock price rises, making the short-term impact uncertain.
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