Looking Into MasTec's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MasTec's short interest has decreased by 14.64%, with 2.54 million shares sold short, representing 4.08% of its float. This is lower than the peer average of 5.60%, indicating a relatively bullish sentiment. It would take 3.01 days to cover the short positions.
August 29, 2024 | 8:45 pm
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MasTec's short interest has decreased by 14.64%, with 2.54 million shares sold short, representing 4.08% of its float. This is lower than the peer average of 5.60%, indicating a relatively bullish sentiment. It would take 3.01 days to cover the short positions.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. With MasTec's short interest being lower than its peers, it indicates that investors may have more confidence in MasTec compared to similar companies. This could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100