(CAT) - Analyzing Caterpillar's Short Interest
Portfolio Pulse from Benzinga Insights
Caterpillar's (NYSE:CAT) short percent of float has fallen 12.58% since its last report, with 6.77 million shares sold short, which is 1.32% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Caterpillar has less short interest, with an average of 5.57% for its peer group.
July 25, 2023 | 3:15 pm
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Caterpillar's short interest has decreased, which could indicate a more bullish sentiment towards the stock. The company also has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price. Additionally, having less short interest compared to its peers could make Caterpillar more attractive to investors.
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