How Is The Market Feeling About Hawaiian Electric Indus?
Portfolio Pulse from Benzinga Insights
Hawaiian Electric Industries (NYSE:HE) has seen a decrease in its short percent of float by 11.71%, with 14.02 million shares sold short, representing 12.74% of its float. This is higher than its peers' average short interest of 2.91%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
September 03, 2024 | 7:15 pm
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Hawaiian Electric Industries has experienced a decrease in short interest, which may indicate a more bullish market sentiment. The current short interest is 12.74% of the float, higher than its peers' average of 2.91%.
The decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a positive sign for the stock's short-term price movement. The fact that HE's short interest is significantly higher than its peers could mean that any positive news or sentiment shift could lead to a short squeeze, further driving up the stock price.
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