(HUBB) - Analyzing Hubbell's Short Interest
Portfolio Pulse from Benzinga Insights
Hubbell (NYSE:HUBB) has seen a 12.22% increase in its short percent of float, now at 3.49%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 11.22%. It would take traders 2.52 days to cover their short positions.
July 16, 2024 | 1:00 pm
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Hubbell's short interest has increased by 12.22%, now at 3.49% of float. This rise in short interest suggests growing bearish sentiment, although it remains below the peer group average of 11.22%. It would take traders 2.52 days to cover their short positions.
The increase in short interest indicates that more investors are betting against Hubbell, 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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