(GE) - Analyzing General Electric's Short Interest
Portfolio Pulse from Benzinga Insights
General Electric's (NYSE:GE) short percent of float has fallen 4.07% since its last report, with 12.79 million shares sold short, which is 1.18% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards GE. Compared to its peers, GE has less short interest as a percentage of float, with an average of 1.82%.
September 11, 2023 | 3:15 pm
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The decrease in short interest in General Electric could indicate a more bullish sentiment towards the company's stock. This could potentially lead to an increase in the stock's price 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. A decrease in short interest can signal that investors have become more bullish, potentially leading to an increase in the stock's price. Compared to its peers, GE has less short interest, which could further indicate a more positive sentiment towards the company's stock.
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