Looking Into RTX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
The short percent of float for RTX (NYSE:RTX) has decreased by 13.64% since its last report, with 8.30 million shares sold short, representing 0.57% of all regular shares available for trading. It would take traders 2.14 days on average to cover their short positions based on the current trading volume. Compared to its peers, RTX has less short interest as a percentage of float, with the average being 3.24%.
August 04, 2023 | 9:41 am
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The decrease in short interest for RTX could indicate a more bullish sentiment among investors. However, it does not necessarily mean that the stock price will rise in the near term.
Short interest is a measure of market sentiment. A decrease in short interest could indicate that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so a decrease in short interest does not guarantee a rise in the stock price.
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