Looking Into Archer Aviation's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Archer Aviation's (NYSE:ACHR) short percent of float has risen 38.07% since its last report, with 24.58 million shares sold short, which is 13.89% of all regular shares available for trading. It would take traders 2.23 days to cover their short positions on average. The company's short interest is higher than its peer group average of 5.29%.
August 29, 2023 | 3:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Archer Aviation's short interest has increased significantly, indicating a bearish sentiment among traders. However, this does not necessarily mean the stock price will fall in the short term.
The increase in short interest indicates that more traders are betting on the stock's price to fall. However, this is not a definitive indicator of the stock's future performance. It's also worth noting that the company's short interest is higher than its peer group average, which could be a cause for concern among investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100