Looking Into Powell Industries's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Powell Industries (NYSE:POWL) has seen a 7.46% increase in short interest, with 21.47% of its float sold short. This is significantly higher than its peers' average of 10.53%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
September 03, 2024 | 7:15 pm
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Powell Industries has experienced a significant increase in short interest, now at 21.47% of its float, indicating potential bearish sentiment. This level is notably higher than its peers' average, suggesting increased scrutiny or skepticism from investors.
The increase in short interest to 21.47% of float suggests that investors are more bearish on Powell Industries compared to its peers, whose average short interest is 10.53%. This could lead to downward pressure on the stock price if the sentiment persists.
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