nVent Electric PLC (NYSE:NVT) Sees Large Decline in Short Interest
MarketBeat
nVent Electric PLC (NYSE:NVT - Get Free Report) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 4,200,000 shares, adropof41.6% from the July 31st total of 7,190,000 shares. Approximately2.6% of the company's shares are short sold. Based on an average daily volume of 1,930,000 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 1,930,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately2.6% of the company's shares are short sold.
NYSE:NVT