How Is The Market Feeling About Honeywell Intl?
Portfolio Pulse from Benzinga Insights
Honeywell Intl's (NYSE:HON) short percent of float has fallen 3.61% since its last report, with 5.33 million shares sold short, which is 0.8% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Honeywell. Compared to its peers, Honeywell has less short interest as a percentage of float, with an average of 4.17%.
September 27, 2023 | 6:30 pm
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The decrease in short interest in Honeywell Intl could indicate a more bullish sentiment towards the company's stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. Honeywell's short interest has decreased, and it is also lower than its peers' average, which could be a positive sign for the company's stock.
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