Peering Into Rockwell Automation's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Rockwell Automation's (NYSE:ROK) short percent of float has fallen 6.38% since its last report, with 3.12 million shares sold short, which is 3.08% of all regular shares available for trading. It would take traders 4.58 days to cover their short positions on average. The company's short interest is less than its peer group average of 10.68%.
August 21, 2023 | 6:15 pm
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Rockwell Automation's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
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. However, this does not necessarily mean the stock price will rise in the near term, as other factors can also influence the stock price.
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