Looking Into Cummins's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cummins's (NYSE:CMI) short percent of float has fallen 27.98% since its last report, with 1.97 million shares sold short, which is 1.39% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Cummins's peer group average for short interest as a percentage of float is 5.23%, indicating that the company has less short interest than most of its peers.
August 16, 2023 | 8:15 pm
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The decrease in short interest in Cummins could indicate a more bullish sentiment towards the stock, potentially leading to a positive impact on the 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. A decrease in short interest can signal that investors have become more bullish, which could lead to an increase in the stock price. Given that Cummins's short interest has decreased significantly, this could potentially have a positive impact on the stock price in the short term.
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