(EPAC) - Analyzing Enerpac Tool Group's Short Interest
Portfolio Pulse from Benzinga Insights
Enerpac Tool Group (NYSE:EPAC) has seen a 17.44% increase in its short percent of float, now at 2.29%. This indicates a rise in bearish sentiment among investors. However, its short interest is still lower than the peer group average of 5.02%.
July 31, 2024 | 1:15 pm
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Enerpac Tool Group's short interest has increased by 17.44%, now at 2.29% of float. This rise in short interest suggests growing bearish sentiment, but it remains below the peer average of 5.02%.
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 below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100