Looking Into RTX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
The short percent of float for RTX (NYSE:RTX) has risen 36.84% since its last report, with 11.40 million shares sold short, representing 0.78% of all regular shares available for trading. It would take traders 1.0 days on average to cover their short positions based on its trading volume. An increase in short interest can indicate a bearish market sentiment towards a stock. However, RTX's short interest as a percentage of float is less than its peer group average of 3.04%.
August 21, 2023 | 4:45 pm
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RTX's short interest has increased by 36.84%, indicating a potentially bearish sentiment. However, its short interest is less than its peer group average, which could mitigate potential negative impacts.
An increase in short interest often indicates a bearish sentiment towards a stock, as traders are betting on the stock's price to fall. However, RTX's short interest is less than its peer group average, which could suggest that the bearish sentiment is not as strong as it might appear. This could potentially reduce the negative impact on RTX's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100