How Is The Market Feeling About Caterpillar?
Portfolio Pulse from Benzinga Insights
Caterpillar's (NYSE:CAT) short percent of float has fallen 3.68% since its last report, indicating a more bullish market sentiment towards the company. The company has 6.68 million shares sold short, which is 1.31% of all regular shares available for trading. Compared to its peers, Caterpillar has less short interest, with an average of 4.85% for its peer group.
September 20, 2023 | 4:00 pm
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Caterpillar's short percent of float has decreased, indicating a more bullish sentiment. This could potentially lead to an increase in the company's stock price in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a company. This is because short selling is a practice where traders sell shares they do not own in anticipation of a price drop. Therefore, a decrease in short interest could suggest that fewer traders are expecting the company's stock price to fall, which could potentially lead to an increase in the stock price.
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