Peering Into Northrop Grumman's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Northrop Grumman's (NYSE:NOC) short percent of float has fallen 5.62% since its last report, with 1.27 million shares sold short, which is 0.84% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Northrop Grumman has less short interest.
September 25, 2023 | 6:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards Northrop Grumman.
Short interest is a measure of market sentiment. A decrease in short interest often indicates a more bullish sentiment as fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in Northrop Grumman's stock price in the short term.
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