Looking Into L3Harris Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
L3Harris Technologies's (NYSE:LHX) short percent of float has risen 12.09% since its last report, with 1.93 million shares sold short, which is 1.02% of all regular shares available for trading. It would take traders 1.42 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. L3Harris Technologies's peer group average for short interest as a percentage of float is 3.03%, which means the company has less short interest than most of its peers.
August 24, 2023 | 7:00 pm
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L3Harris Technologies's short percent of float has risen 12.09%, indicating a bearish sentiment among investors. However, the company has less short interest than most of its peers.
The increase in short interest indicates that investors are expecting the price of L3Harris Technologies's stock to fall. However, the company's short interest is less than its peers, which could mean that the bearish sentiment is not as strong compared to other companies in the same industry.
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