(ENTG) - Analyzing Entegris's Short Interest
Portfolio Pulse from Benzinga Insights
Entegris (NYSE:ENTG) has seen a 10.58% rise in its short percent of float, now at 3.24% of all regular shares available for trading. This indicates increased bearish sentiment, although it remains below the peer group average of 6.92%. It would take traders 3.93 days to cover their short positions.
August 06, 2024 | 6:15 pm
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Entegris has experienced a 10.58% increase in short interest, now at 3.24% of its float. This suggests a rise in bearish sentiment, although it remains below the peer average of 6.92%.
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 80
RELEVANCE 100