Peering 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. An increase in short interest can indicate a bearish market sentiment towards a stock. However, L3Harris Technologies's short interest as a percentage of float is less than its peer group average of 2.56%.
October 17, 2023 | 1:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The increase in short interest in L3Harris Technologies could indicate a bearish sentiment towards the stock. However, its short interest is less than its peer group average, which could mitigate potential negative impacts.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, expecting the stock price to fall. However, L3Harris Technologies's short interest as a percentage of float is less than its peer group average, which could suggest that the bearish sentiment is not as strong as it could be.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100