Peering Into Eaton Corp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eaton Corp's (NYSE:ETN) short interest has risen by 6.42%, with 4.60 million shares sold short, representing 1.16% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Eaton's short interest is still lower than its peer group average of 11.33%.
August 13, 2024 | 5:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Eaton Corp's short interest has increased by 6.42%, now at 1.16% of its float. This could indicate bearish sentiment, but the company's short interest remains lower than its peers.
The increase in short interest suggests that investors are becoming more bearish on Eaton Corp. However, the short interest is still lower than the peer group average, which may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100