Looking Into L3Harris Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
L3Harris Technologies's (NYSE:LHX) short percent of float has risen 29.69% since its last report, with 1.56 million shares sold short, which is 0.83% of all regular shares available for trading. It would take traders 1.27 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 2.73%.
September 29, 2023 | 4:00 pm
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L3Harris Technologies has seen a rise in short interest, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
The rise in short interest indicates that traders are expecting the price of L3Harris Technologies' stock to fall. However, the fact that it has less short interest than most of its peers could suggest that the bearish sentiment is not as strong as it is for other companies in the same sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100