Looking Into Eaton Corp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eaton Corp's short interest has increased by 3.16%, with 3.90 million shares sold short, representing 0.98% of its float. This is lower than its peers' average short interest of 11.60%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 29, 2024 | 4:00 pm
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Eaton Corp's short interest has increased by 3.16%, with 3.90 million shares sold short, representing 0.98% of its float. This is lower than its peers' average short interest of 11.60%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but Eaton Corp's short interest is still significantly lower than its peers. This mixed signal results in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100