(OTIS) - Analyzing Otis Worldwide's Short Interest
Portfolio Pulse from Benzinga Insights
Otis Worldwide's (NYSE:OTIS) short percent of float has fallen 12.38% since its last report, with 3.78 million shares sold short, which is 0.92% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Otis Worldwide has less short interest as a percentage of float, with an average of 3.30%.
September 05, 2023 | 3:15 pm
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Otis Worldwide's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Furthermore, having less short interest compared to its peers could make Otis Worldwide more attractive to investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100