How Is The Market Feeling About RTX?
Portfolio Pulse from Benzinga Insights
The short percent of float for RTX (NYSE:RTX) has fallen 17.81% since its last report, with 8.71 million shares sold short, representing 0.6% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards RTX. Compared to its peers, RTX has less short interest as a percentage of float, with an average of 2.62%.

September 15, 2023 | 7:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards RTX. The company's short interest is lower than its peers' average, which could be a positive sign.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often indicates a more bullish sentiment towards the stock, as it suggests fewer investors are betting on the stock's price to fall. In the case of RTX, the decrease in short interest, coupled with the fact that its short interest is lower than its peers' average, could be seen as a positive sign for the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100