Looking Into Element Solutions's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Element Solutions (NYSE:ESI) has seen a 13% increase in short interest, now at 1.13% of its float. This is below the peer group average of 3.69%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 11, 2024 | 8:15 pm
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Element Solutions has experienced a 13% increase in short interest, now at 1.13% of its float, which is below the peer average of 3.69%. This rise may suggest bearish sentiment, but it doesn't necessarily predict a price decline.
The increase in short interest suggests that some investors are betting against the stock, which could indicate bearish sentiment. However, the short interest is still below the peer average, which may mitigate the negative impact. The short interest level alone does not guarantee a price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100