Peering Into Aptiv's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Aptiv's (NYSE:APTV) short percent of float has risen 10.78% since its last report, with 2.86 million shares sold short, which is 1.13% 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, Aptiv has less short interest as a percentage of float, with an average of 5.86%.
August 11, 2023 | 6:15 pm
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Aptiv's short interest has increased, indicating a bearish sentiment. However, it's less than its peers' average.
The increase in short interest indicates that traders are expecting the price of Aptiv's stock to fall. However, the fact that Aptiv's short interest is less than its peers' average could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100