(WTRG) - Analyzing Essential Utilities's Short Interest
Portfolio Pulse from Benzinga Insights
Essential Utilities (NYSE:WTRG) has seen a decrease in its short interest by 18.82%, with 5.04 million shares sold short, representing 2.33% of its float. This is higher than its peers' average short interest of 2.19%.
August 29, 2024 | 6:30 pm
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Essential Utilities' short interest has decreased by 18.82%, now at 2.33% of its float, which is higher than its peers' average. This could indicate a shift in market sentiment towards a more bullish outlook.
The decrease in short interest suggests that traders are less bearish on Essential Utilities, which could lead to a positive short-term impact on the stock price. The fact that its short interest is still higher than peers indicates that there is still some bearish sentiment, but the reduction is a positive sign.
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