Peering Into Honeywell Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Honeywell Intl's (NYSE:HON) short percent of float has fallen 5.56% since its last report, with 5.67 million shares sold short, which is 0.85% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Honeywell has less short interest as a percentage of float, with an average of 5.26%.
July 14, 2023 | 4:45 pm
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Honeywell Intl's short percent of float has decreased, indicating a potentially more bullish sentiment. However, this does not guarantee a rise in stock price.
A decrease in short interest can signal a more bullish sentiment towards a stock. However, it does not necessarily mean that the stock price will rise in the near term. Therefore, while the news is relevant to Honeywell, its impact on the stock price is uncertain.
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