Looking Into General Electric's Recent Short Interest
Portfolio Pulse from Benzinga Insights
General Electric's (NYSE:GE) short percent of float has risen 4.92% since its last report, with 13.91 million shares sold short, which is 1.28% of all regular shares available for trading. It would take traders 2.69 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, GE's short interest as a percentage of float is 4.17%, which is less than most of its peers.
July 07, 2023 | 6:16 pm
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The increase in short interest in General Electric's shares could indicate a bearish sentiment among investors. However, compared to its peers, GE's short interest is lower, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment among investors, as they expect the stock price to fall. However, the fact that GE's short interest is lower than most of its peers could indicate that the bearish sentiment is not as strong for GE as it is for other companies in the same industry. This could potentially limit the downside risk for GE's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100