Looking Into Johnson Controls Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Johnson Controls Intl's (NYSE:JCI) short percent of float has risen 9.52% since its last report, with 6.26 million shares sold short, which is 0.92% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Johnson Controls Intl's short interest as a percentage of float is less, with an average of 3.81%.
August 11, 2023 | 5:15 pm
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The rise in short interest in Johnson Controls Intl's stock indicates a bearish market sentiment, which could potentially lead to a decrease in its stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, which could potentially lead to a decrease in the stock's price. However, it's important to note that this is not a guarantee and other factors could influence the stock's price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100