Peering Into American Water Works's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Water Works (NYSE:AWK) has seen a 14.47% increase in its short percent of float, now at 2.61%. This indicates a bearish sentiment compared to its peers, whose average short interest is 2.20%. It would take traders 5.26 days to cover their short positions.
September 30, 2024 | 8:45 pm
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American Water Works has experienced a 14.47% increase in short interest, now at 2.61% of float, indicating a bearish sentiment. This is higher than its peers' average of 2.20%.
The increase in short interest suggests that investors are more bearish on AWK compared to its peers. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100