Looking Into L3Harris Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
L3Harris Technologies' (NYSE:LHX) short percent of float has decreased by 20.59% since its last report, with 1.54 million shares sold short, representing 0.81% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards L3Harris. Compared to its peers, L3Harris has less short interest, with an average of 3.22% for its peer group.
September 12, 2023 | 1:01 pm
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Decrease in short interest could indicate a more bullish sentiment towards L3Harris Technologies. The company has less short interest compared to its peers.
Short interest is a measure of market sentiment. A decrease in short interest often indicates a more bullish sentiment, as 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, L3Harris has less short interest compared to its peers, which could make it a more attractive investment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100