How Is The Market Feeling About Rockwell Automation?
Portfolio Pulse from Benzinga Insights
Rockwell Automation's (NYSE:ROK) short percent of float has risen 14.29% since its last report, with 3.57 million shares sold short, which is 3.52% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Rockwell Automation has less short interest as a percentage of float (10.98%).
September 06, 2023 | 5:45 pm
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Rockwell Automation's short interest has increased, indicating a bearish sentiment among investors. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that Rockwell Automation's stock price will fall. This could put downward pressure on the stock price in the short term. However, the fact that Rockwell Automation has less short interest compared to its peers could mean that it is less likely to experience a significant drop in price compared to other companies in its industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100