How Is The Market Feeling About Element Solutions?
Portfolio Pulse from Benzinga Insights
Element Solutions (NYSE:ESI) has seen a 9.2% increase in its short percent of float, now at 0.95% of all regular shares. This indicates a rise in bearish sentiment, although it remains below the peer group average of 3.55%.
October 01, 2024 | 2:15 pm
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Element Solutions has experienced a 9.2% increase in short interest, now at 0.95% of its float. This suggests a rise in bearish sentiment, but the short interest is still below the peer average of 3.55%.
The increase in short interest suggests that investors are becoming more bearish on Element Solutions. However, since the short interest is still below the peer average, the impact may be limited. The market sentiment is likely to be cautious, potentially leading to a short-term price decline.
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