Looking Into Rockwell Automation's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Rockwell Automation's (NYSE:ROK) short percent of float has risen 7.52% since its last report, with 3.33 million shares sold short, which is 3.29% of all regular shares available for trading. It would take traders 6.33 days to cover their short positions on average. The company's short interest is less than its peer group average of 11.41%.
August 04, 2023 | 11:57 am
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Rockwell Automation's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is still less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, the fact that Rockwell Automation's short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other similar companies.
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IMPORTANCE 75
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