How Is The Market Feeling About L3Harris Technologies?
Portfolio Pulse from Benzinga Insights
L3Harris Technologies (NYSE:LHX) has seen a 4.6% rise in its short percent of float since its last report, with 1.73 million shares sold short. This represents 0.91% of all regular shares available for trading. The increase in short interest could indicate a bearish market sentiment towards L3Harris. However, compared to its peers, L3Harris has less short interest, with an average of 3.38% for its peer group.
July 26, 2023 | 5:15 pm
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L3Harris Technologies has seen an increase in short interest, which could indicate a bearish sentiment. However, its short interest is lower than its peer group average.
The increase in short interest could indicate that investors are expecting the price of L3Harris Technologies' stock to fall. However, the fact that its short interest is lower than its peer group average could suggest that the bearish sentiment is not as strong for L3Harris as it is for other similar companies.
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IMPORTANCE 75
RELEVANCE 100