How Is The Market Feeling About Johnson Controls Intl?
Portfolio Pulse from Benzinga Insights
The short percent of float for Johnson Controls Intl (NYSE:JCI) has risen 9.68% since its last report, with 4.60 million shares sold short. This represents 0.68% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, compared to its peers, JCI has less short interest as a percentage of float, with the average being 3.68%.
October 10, 2023 | 2:15 pm
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Johnson Controls Intl's short interest has increased, indicating a bearish sentiment. However, its short interest is lower compared to its peers.
An increase in short interest usually indicates a bearish sentiment towards a stock, as traders are betting on the stock's price to fall. However, the fact that JCI's short interest is lower than its peers could mean that the market is less bearish on JCI compared to other similar companies.
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