(GE) - Analyzing General Electric's Short Interest
Portfolio Pulse from Benzinga Insights
General Electric's (NYSE:GE) short percent of float has fallen 3.91% since its last report, with 13.26 million shares sold short, which is 1.23% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards GE. Compared to its peers, GE has less short interest as a percentage of float, with an average of 1.54%.
August 18, 2023 | 4:45 pm
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Decrease in short interest could indicate a more bullish sentiment towards General Electric. The company's short interest is lower than its peer average, which could be a positive sign.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. In the case of General Electric, the short interest has decreased by 3.91%, which could indicate a more positive sentiment towards the company. Additionally, GE's short interest is lower than its peer average, which could be seen as a positive sign by investors.
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