Peering Into Carrier Global's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Carrier Global's (NYSE:CARR) short percent of float has risen 5.77% since its last report, with 29.75 million shares sold short, which is 4.03% of all regular shares available for trading. It would take traders 5.99 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Carrier Global's peer group average for short interest as a percentage of float is 3.87%, indicating the company has more short interest than most of its peers.
July 26, 2023 | 3:00 pm
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Carrier Global's short interest has increased, indicating a potentially bearish sentiment among investors. The company has a higher short interest than most of its peers.
An increase in short interest often indicates a bearish sentiment among investors, as they are betting that the stock's price will fall. Given that Carrier Global's short interest is higher than most of its peers, this could potentially have a negative impact on the stock's price in the short term.
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