(IEX) - Analyzing IDEX's Short Interest
Portfolio Pulse from Benzinga Insights
IDEX's short interest has decreased by 14.6%, with 778,000 shares sold short, representing 1.17% of its float. This is lower than its peers' average of 2.55%. The decrease in short interest may indicate a more bullish sentiment towards IDEX.
October 03, 2024 | 1:45 pm
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IDEX's short interest has decreased by 14.6%, now at 1.17% of its float, which is lower than its peers' average of 2.55%. This could indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against IDEX, which can be interpreted as a sign of increased confidence in the stock. Additionally, IDEX's short interest is lower than its peers, further supporting a potentially bullish outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100