Peering Into Boeing's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Boeing's (NYSE:BA) short percent of float has risen 9.48% since its last report, with 7.63 million shares sold short, which is 1.27% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, Boeing's peer group average for short interest as a percentage of float is 2.93%, which means the company has less short interest than most of its peers.
September 04, 2023 | 3:30 pm
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Boeing's short interest has increased, indicating a bearish market sentiment. However, compared to its peers, Boeing has less short interest.
An increase in short interest usually indicates a bearish sentiment towards the stock, as traders are betting on the stock price to fall. However, Boeing's short interest is less than its peers, which could mean that the market sentiment towards Boeing is less bearish compared to its peers.
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