Peering Into Northrop Grumman's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Northrop Grumman's (NYSE:NOC) short percent of float has risen 4.71% since its last report, with 1.34 million shares sold short, which is 0.89% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. However, compared to its peers, Northrop Grumman has less short interest.
September 08, 2023 | 5:15 pm
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Increased short interest in Northrop Grumman indicates bearish market sentiment, which could potentially impact the stock price negatively in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish on the stock, potentially leading to a decrease in the stock price. However, it's important to note that this is not a guaranteed outcome and other factors can also influence the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100