How Is The Market Feeling About Hawaiian Electric Indus?
Portfolio Pulse from Benzinga Insights
Hawaiian Electric Industries (NYSE:HE) has seen a decrease in its short percent of float by 11.76%, with 15.63 million shares sold short, representing 9.08% of its float. This is higher than the peer group average of 3.19%. The decrease in short interest may indicate a more bullish sentiment.
October 18, 2024 | 7:00 pm
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Hawaiian Electric Industries has experienced a decrease in short interest, which may suggest a shift towards a more bullish market sentiment. The current short interest is 9.08% of the float, higher than the peer average of 3.19%.
The decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a positive signal. The fact that HE's short interest is still higher than its peers indicates that there is still significant bearish sentiment, but the reduction could lead to a short-term price increase as bearish pressure eases.
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