Peering Into Powell Industries's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Powell Industries (NYSE:POWL) has seen a 3.08% decrease in its short percent of float, now at 19.84%. This is higher than its peers' average of 9.70%. It would take traders 3.42 days to cover short positions. A decrease in short interest can indicate a more bullish sentiment.
October 24, 2024 | 8:30 pm
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Powell Industries has experienced a 3.08% decrease in short interest, now at 19.84%, which is higher than its peers' average. This could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that investors may be becoming more bullish on Powell Industries. With short interest still higher than peers, it indicates a significant level of bearish sentiment remains, but the reduction could lead to upward price pressure if sentiment continues to improve.
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