How Is The Market Feeling About Raytheon Technologies?
Portfolio Pulse from Benzinga Insights
Raytheon Technologies (NYSE:RTX) has seen a decrease in its short percent of float by 10.81% since its last report, with 9.68 million shares sold short. This represents 0.66% of all regular shares available for trading. The short interest in Raytheon Technologies is less than its peer group average of 3.52%. Short interest can act as an indicator of market sentiment towards a stock.
July 13, 2023 | 2:30 pm
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Raytheon Technologies has seen a decrease in short interest, which could indicate a shift in market sentiment towards the stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish on the stock. However, it does not necessarily mean that the stock price will rise in the near term.
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