Looking Into Carrier Global's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Carrier Global's (NYSE:CARR) short percent of float has risen 8.86% since its last report, with 25.46 million shares sold short, which is 3.44% of all regular shares available for trading. It would take traders 4.76 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Carrier Global's peer group average for short interest as a percentage of float is 4.09%, which means the company has less short interest than most of its peers.
July 06, 2023 | 1:46 pm
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Carrier Global's short interest has increased, indicating a potentially bearish sentiment among investors. However, compared to its peers, the company has less short interest.
An increase in short interest often indicates a bearish sentiment among investors, as they expect the stock price to fall. However, the fact that Carrier Global has less short interest than its peers could mean that the bearish sentiment is not as strong for this company compared to others in the same industry.
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