Looking Into Johnson Controls Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Johnson Controls Intl's (NYSE:JCI) short percent of float has fallen 11.7% since its last report, with 5.67 million shares sold short, which is 0.83% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, JCI has less short interest as a percentage of float, with an average of 4.20%.
July 12, 2023 | 8:30 pm
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Decrease in short interest could signal a more bullish sentiment towards JCI. However, it doesn't guarantee a rise in stock price.
A decrease in short interest usually indicates a more bullish sentiment towards a stock. However, it doesn't necessarily mean that the stock price will rise in the near term. It's also worth noting that compared to its peers, JCI has less short interest as a percentage of float, which could be interpreted as a positive sign by some investors.
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IMPORTANCE 70
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