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.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100