Looking Into Honeywell Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Honeywell Intl's (NYSE:HON) short percent of float has risen 3.37% since its last report, with 6.13 million shares sold short, which is 0.92% of all regular shares available for trading. It would take traders 1.72 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Honeywell's short interest as a percentage of float is less than its peer group average of 1.59%.
August 22, 2023 | 2:00 pm
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Honeywell Intl's short interest has increased, potentially indicating a bearish sentiment among investors. However, its short interest is still less than its peer group average.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, Honeywell's short interest as a percentage of float is less than its peer group average, which could mitigate some of the potential negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100